TPG Inc. (NASDAQ:TPG) Receives $60.25 Average PT from Analysts

TPG Inc. (NASDAQ:TPG) has earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $60.25.

Several research analysts have recently issued reports on the company. Bank of America reduced their price target on TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Citigroup reduced their target price on TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on shares of TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $47.00 price objective (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th.

TPG Stock Up 2.7%

Shares of NASDAQ TPG opened at $51.30 on Thursday. The firm has a market capitalization of $18.96 billion, a PE ratio of -116.59, a price-to-earnings-growth ratio of 0.80 and a beta of 1.55. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The firm’s 50-day moving average is $47.09 and its 200-day moving average is $55.87.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). TPG had a net margin of 0.67% and a return on equity of 24.66%. The business had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. During the same period in the previous year, the business posted $0.49 earnings per share. TPG’s revenue was up 6.1% compared to the same quarter last year. Equities analysts expect that TPG will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.20%. TPG’s dividend payout ratio (DPR) is -496.97%.

Insider Activity

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 69.98% of the company’s stock.

Institutional Investors Weigh In On TPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in shares of TPG during the 4th quarter worth approximately $5,993,000. Rhumbline Advisers raised its position in TPG by 3.5% during the fourth quarter. Rhumbline Advisers now owns 85,187 shares of the company’s stock worth $5,353,000 after acquiring an additional 2,917 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in TPG during the fourth quarter worth $7,423,000. Handelsbanken Fonder AB raised its position in TPG by 5.6% during the fourth quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock worth $1,307,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Truxt Investmentos Ltda. bought a new stake in shares of TPG in the 4th quarter valued at about $1,368,000. 94.03% of the stock is owned by institutional investors.

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.