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

TPG Inc. (NASDAQ:TPG) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $52.25.

Several equities analysts have weighed in on TPG shares. TD Cowen decreased their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Wells Fargo & Company boosted their target price on shares of TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI upped their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Morgan Stanley upped their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upped their price objective on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd.

Institutional Investors Weigh In On TPG

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of TPG in the 2nd quarter valued at approximately $25,000. Signaturefd LLC increased 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 purchasing an additional 188 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TPG in the 1st quarter valued at approximately $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of TPG in the 1st quarter valued at approximately $151,000. Finally, MQS Management LLC purchased a new stake in shares of TPG in the 1st quarter valued at approximately $201,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Performance

NASDAQ:TPG opened at $67.50 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $24.63 billion, a price-to-earnings ratio of -192.85, a PEG ratio of 1.05 and a beta of 1.53. The company’s 50-day moving average is $55.13 and its two-hundred day moving average is $47.63. TPG has a 1-year low of $26.62 and a 1-year high of $67.70.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period in the previous year, the business posted $0.26 EPS. Analysts forecast that TPG will post 1.96 EPS for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.42 per share. This is an increase from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 16th. TPG’s dividend payout ratio is presently -479.99%.

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.