TPG (NASDAQ:TPG) Stock Price Down 4.9% – Should You Sell?

TPG Inc. (NASDAQ:TPG) shares traded down 4.9% on Monday . The stock traded as low as $61.24 and last traded at $62.70. 141,657 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 854,025 shares. The stock had previously closed at $65.94.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. TD Cowen decreased their target price on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. JPMorgan Chase & Co. raised their price target on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.25.

TPG Stock Performance

The company has a fifty day moving average price of $58.52 and a two-hundred day moving average price of $49.13. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of -175.83, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. 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 data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The company had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. During the same quarter last year, the firm posted $0.26 EPS. As a group, equities research analysts expect that TPG Inc. will post 1.96 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.42 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.71%. This is a boost from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is currently -480.00%.

Institutional Investors Weigh In On TPG

Several hedge funds have recently modified their holdings of TPG. International Assets Investment Management LLC purchased a new position in TPG during the 2nd quarter worth approximately $25,000. Signaturefd LLC raised its position in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. Covestor Ltd lifted its stake in TPG by 1,128.3% in the 3rd 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG during the 1st quarter worth about $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in TPG during the 1st quarter valued at about $151,000. 86.79% of the stock is owned by hedge funds and other 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.