TPG Inc. (NASDAQ:TPG) Given Average Rating of “Hold” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $42.83.

A number of equities analysts recently commented on TPG shares. TD Cowen decreased their price target on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a report on Monday, April 1st. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $52.00 in a report on Friday, May 10th. Finally, Jefferies Financial Group cut their target price on shares of TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th.

TPG Stock Down 1.3 %

Shares of TPG stock opened at $47.33 on Monday. The company has a market capitalization of $17.26 billion, a PE ratio of -338.05, a P/E/G ratio of 0.83 and a beta of 1.52. TPG has a 1-year low of $26.03 and a 1-year high of $48.27. The business has a 50-day moving average of $42.30 and a 200-day moving average of $42.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. TPG had a return on equity of 21.16% and a net margin of 2.74%. The company’s revenue for the quarter was up 64.5% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that TPG will post 2 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Friday, May 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.47%. TPG’s dividend payout ratio (DPR) is presently -1,171.34%.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,089 shares of the firm’s 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 in the company, valued at $816,300.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. YHB Investment Advisors Inc. acquired a new position in shares of TPG during the first quarter valued at approximately $32,000. Signaturefd LLC increased its stake in shares of TPG by 327.6% during the fourth quarter. Signaturefd LLC now owns 945 shares of the company’s stock valued at $41,000 after acquiring an additional 724 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of TPG during the fourth quarter valued at approximately $51,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TPG in the first quarter worth approximately $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in TPG in the first quarter worth approximately $151,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

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.