TPG Inc. (NASDAQ:TPG) Given Average Rating of “Hold” by Analysts

TPG Inc. (NASDAQ:TPG) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $63.18.

A number of brokerages have recently commented on TPG. Keefe, Bruyette & Woods increased their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their target price on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th.

TPG Stock Performance

TPG stock opened at $50.00 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a market cap of $18.47 billion, a PE ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54. TPG has a 12-month low of $39.18 and a 12-month high of $72.98. The business’s 50-day moving average price is $58.69 and its two-hundred day moving average price is $61.72.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.24%. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction 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 owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

Several large investors have recently made changes to their positions in TPG. Geode Capital Management LLC increased its stake in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after purchasing an additional 102,663 shares in the last quarter. Gunderson Capital Management Inc. acquired a new position in shares of TPG during the fourth quarter valued at about $1,815,000. Highland Capital Management LLC increased its position in shares of TPG by 21.2% during the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company’s stock worth $3,222,000 after acquiring an additional 8,967 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 worth $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Finally, Cinctive Capital Management LP lifted its position in TPG by 65.9% in the 3rd quarter. Cinctive Capital Management LP now owns 50,435 shares of the company’s stock valued at $2,903,000 after acquiring an additional 20,026 shares in the last quarter. 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.