TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Hold” by Brokerages

TPG Inc. (NASDAQ:TPG) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $63.00.

Several equities analysts recently commented on TPG shares. Morgan Stanley upped their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Evercore ISI raised their price objective on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 76.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of TPG by 5,656.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after purchasing an additional 33,936 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in TPG in the fourth quarter worth approximately $1,815,000. Charles Schwab Investment Management Inc. increased its stake in shares of TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after acquiring an additional 31,638 shares in the last quarter. Finally, Renaissance Capital LLC grew its holdings in TPG by 20.0% in the third quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock worth $5,216,000 after purchasing an additional 15,131 shares during the period. 94.03% of the stock is owned by institutional investors.

TPG Stock Up 0.2 %

TPG stock opened at $67.05 on Friday. The firm’s 50-day moving average is $66.69 and its two-hundred day moving average is $59.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of -197.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. TPG has a 52 week low of $39.18 and a 52 week high of $72.98.

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

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.27%. TPG’s dividend payout ratio is currently -447.05%.

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.