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

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

TPG Trading Down 2.5 %

TPG opened at $60.79 on Wednesday. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. 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 company has a fifty day moving average of $65.68 and a two-hundred day moving average of $60.92.

Analyst Ratings Changes

A number of research firms have recently issued reports on TPG. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets increased their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI increased their price objective on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.00.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. 76.48% of the stock is owned by corporate insiders.

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.