TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Hold” by Brokerages

TPG Inc. (NASDAQ:TPG) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $63.00.

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. BMO Capital Markets lifted their target price 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. Evercore ISI increased their price objective on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th.

TPG Stock Performance

NASDAQ:TPG opened at $62.40 on Monday. The company has a market cap of $22.77 billion, a price-to-earnings ratio of -183.52, a PEG ratio of 1.11 and a beta of 1.49. TPG has a fifty-two week low of $38.20 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a fifty day moving average price of $66.57 and a 200-day moving average price of $57.62.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate that TPG will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.38 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.44%. TPG’s dividend payout ratio is presently -447.06%.

Institutional Investors Weigh In On TPG

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of TPG by 1,871.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,210 shares of the company’s stock valued at $257,000 after buying an additional 5,895 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after purchasing an additional 230 shares during the last quarter. Rhumbline Advisers boosted its position in TPG by 11.7% during the second quarter. Rhumbline Advisers now owns 77,333 shares of the company’s stock worth $3,205,000 after purchasing an additional 8,105 shares during the period. National Bank of Canada FI increased its stake in shares of TPG by 6.4% in the second quarter. National Bank of Canada FI now owns 99,962 shares of the company’s stock worth $4,088,000 after purchasing an additional 5,970 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of TPG in the second quarter valued at approximately $606,000. 94.03% of the stock is 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.