TPG Inc. (NASDAQ:TPG) Receives $58.25 Average PT from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $58.25.

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of TPG from $66.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their target price on TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price target (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Bank of America lowered their price target on TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 4th.

TPG Trading Up 0.0 %

Shares of NASDAQ TPG opened at $43.51 on Wednesday. TPG has a 12-month low of $37.52 and a 12-month high of $72.98. The company has a market cap of $16.08 billion, a price-to-earnings ratio of -98.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $49.86 and its 200 day simple moving average is $60.25.

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

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.87%. TPG’s payout ratio is -481.82%.

Insider Activity

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several large investors have recently modified their holdings of TPG. Vicus Capital purchased a new stake in shares of TPG during the first quarter valued at $204,000. QRG Capital Management Inc. raised its holdings in TPG by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,010 shares of the company’s stock worth $380,000 after buying an additional 521 shares during the period. Wesbanco Bank Inc. acquired a new stake in TPG during the 1st quarter worth about $522,000. GAMMA Investing LLC lifted its stake in TPG by 5,612.3% during the first quarter. GAMMA Investing LLC now owns 28,790 shares of the company’s stock valued at $1,366,000 after buying an additional 28,286 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after buying an additional 1,349 shares during the period. 94.03% of the stock is owned by institutional investors.

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.