TPG Inc. (NASDAQ:TPG) Receives $58.83 Consensus PT from Analysts

TPG Inc. (NASDAQ:TPG) has received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $60.08.

Several analysts have issued reports on TPG shares. Evercore ISI increased their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. BMO Capital Markets lifted their target price on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group upped their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley increased their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th.

Institutional Trading of TPG

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of TPG during the second quarter valued at $25,000. Signaturefd LLC boosted its holdings in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares during the period. Covestor Ltd increased its position in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares in the last quarter. KBC Group NV raised its holdings in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Finally, Quarry LP lifted its position in shares of TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Down 2.2 %

TPG stock opened at $66.88 on Thursday. The stock has a 50-day moving average price of $66.58 and a 200 day moving average price of $54.23. TPG has a 52 week low of $38.20 and a 52 week high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, analysts expect that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s payout ratio is currently -447.05%.

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.