TPG Inc. (NASDAQ:TPG) Given Consensus Recommendation of “Hold” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.50.

A number of equities analysts have recently commented on TPG shares. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a report on Monday, April 1st. Jefferies Financial Group cut their price objective on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. TheStreet cut shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $52.00 in a research note on Friday, May 10th. Finally, UBS Group increased their price target on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 12th.

Institutional Investors Weigh In On TPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after purchasing an additional 1,305,799 shares during the period. Capital International Investors grew its position in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after buying an additional 336,665 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TPG by 18.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock worth $127,634,000 after buying an additional 462,355 shares in the last quarter. Putnam Investments LLC grew its position in shares of TPG by 8.6% during the fourth quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after buying an additional 187,183 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in shares of TPG by 11.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,211,111 shares of the company’s stock worth $66,599,000 after buying an additional 229,481 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

TPG Stock Down 0.6 %

TPG stock opened at $40.98 on Thursday. TPG has a fifty-two week low of $26.03 and a fifty-two week high of $47.20. The stock has a market cap of $14.94 billion, a PE ratio of -292.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.55. The firm’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $42.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last released its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $452.87 million. TPG had a net margin of 2.74% and a return on equity of 21.16%. The company’s quarterly revenue was up 64.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. Research analysts predict that TPG will post 2.02 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Friday, May 17th. TPG’s dividend payout ratio (DPR) is -1,171.43%.

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.