TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $47.25.

A number of analysts have weighed in on the company. Wells Fargo & Company assumed coverage on TPG in a report on Thursday, September 12th. They set an “overweight” rating and a $60.00 price target for the company. TD Cowen decreased their price target on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. The Goldman Sachs Group raised their target price on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th.

TPG Stock Performance

Shares of TPG stock opened at $58.01 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $50.73 and a two-hundred day moving average price of $45.80. TPG has a 1-year low of $26.62 and a 1-year high of $60.35. The company has a market cap of $21.16 billion, a P/E ratio of -414.33, a PEG ratio of 1.00 and a beta of 1.52.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The firm had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. During the same period last year, the business posted $0.26 EPS. As a group, analysts anticipate that TPG will post 2.01 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.42 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 2.90%. TPG’s dividend payout ratio (DPR) is presently -1,199.91%.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 76.48% of the stock is owned by insiders.

Hedge Funds Weigh In On TPG

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after buying an additional 230 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of TPG by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock worth $1,229,000 after purchasing an additional 280 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of TPG by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after purchasing an additional 500 shares during the period. International Assets Investment Management LLC bought a new stake in shares of TPG in the 2nd quarter worth approximately $25,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of TPG by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock worth $556,000 after purchasing an additional 680 shares during the period. Institutional investors own 86.79% of the company’s stock.

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.