TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of “Hold” from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.67.

Several research analysts recently commented on TPG shares. Morgan Stanley lifted their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. TD Cowen decreased their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

TPG Stock Performance

NASDAQ:TPG opened at $64.67 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $23.59 billion, a price-to-earnings ratio of -190.21, a PEG ratio of 1.10 and a beta of 1.49. TPG has a 1 year low of $33.69 and a 1 year high of $70.67. The stock’s 50 day simple moving average is $61.68 and its two-hundred day simple moving average is $50.64.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that TPG will post 1.94 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.35%. TPG’s payout ratio is -447.06%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TPG. Signaturefd LLC raised its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after buying an additional 230 shares during the period. KBC Group NV lifted its holdings in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares during the period. Janney Montgomery Scott LLC boosted its position in TPG by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after acquiring an additional 500 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of TPG in the 2nd quarter worth $25,000. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.