TPG (NASDAQ:TPG) Posts Earnings Results, Beats Estimates By $0.10 EPS

TPG (NASDAQ:TPG) announced its quarterly earnings data on Tuesday. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10, Zacks reports. TPG had a return on equity of 23.45% and a net margin of 0.69%.

TPG Stock Performance

TPG stock traded down $2.33 during midday trading on Tuesday, hitting $60.05. The company’s stock had a trading volume of 357,430 shares, compared to its average volume of 840,884. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The stock’s 50-day moving average price is $65.85 and its 200 day moving average price is $60.84. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of -176.80, a PEG ratio of 0.88 and a beta of 1.49.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.48% of the company’s stock.

Analysts Set New Price Targets

TPG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Evercore ISI lifted their price objective on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Finally, TD Cowen cut their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TPG has an average rating of “Hold” and an average target price of $63.00.

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.