TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Hold” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $63.18.

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

TPG opened at $50.00 on Friday. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54. The firm’s fifty day moving average price is $58.69 and its two-hundred day moving average price is $61.72.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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 anticipate that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 4.24%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -481.82%.

Insider Transactions at TPG

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 shares were sold at an average price of $50.04, for a total value 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 represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the business’s 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 transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Hedge Funds Weigh In On TPG

A number of institutional investors have recently added to or reduced their stakes in TPG. Geode Capital Management LLC grew its holdings in shares of TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after purchasing an additional 102,663 shares in the last quarter. Gunderson Capital Management Inc. purchased a new stake in TPG in the fourth quarter valued at approximately $1,815,000. Highland Capital Management LLC lifted its position in TPG by 21.2% during the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company’s stock valued at $3,222,000 after purchasing an additional 8,967 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 31,638 shares in the last quarter. Finally, Cinctive Capital Management LP increased its holdings in shares of TPG by 65.9% in the 3rd quarter. Cinctive Capital Management LP now owns 50,435 shares of the company’s stock worth $2,903,000 after buying an additional 20,026 shares during the last quarter. 94.03% of the stock is currently 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.