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

TPG Inc. (NASDAQ:TPG) has received an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $63.00.

Several equities analysts have recently commented on TPG shares. Evercore ISI boosted their target price on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen lowered their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company lifted their price target on TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th.

TPG Trading Up 3.0 %

Shares of NASDAQ:TPG opened at $65.72 on Monday. The business’s 50 day simple moving average is $66.89 and its 200 day simple moving average is $56.81. TPG has a 1 year low of $38.20 and a 1 year high of $72.98. 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 capitalization of $23.99 billion, a P/E ratio of -193.29, a P/E/G ratio of 1.11 and a beta of 1.46.

TPG (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period in the prior year, the firm posted $0.56 EPS. On average, research analysts anticipate that TPG will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is -447.06%.

Institutional Trading of TPG

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position 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 buying an additional 188 shares during the last quarter. Covestor Ltd boosted its holdings in TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the last quarter. KBC Group NV increased its position in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the period. Quarry LP increased its position in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the period. Finally, Iron Gate Global Advisors LLC bought a new position in TPG during the 3rd quarter worth approximately $201,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

About TPG

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.