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

Shares of TPG Inc. (NASDAQ:TPG) have been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $52.25.

A number of equities analysts have recently issued reports on TPG shares. TD Cowen cut their price target on shares of 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. increased their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI boosted their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company raised their price objective on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 3rd.

TPG Trading Up 0.3 %

NASDAQ TPG opened at $68.44 on Wednesday. TPG has a 52-week low of $26.81 and a 52-week high of $69.86. The firm has a 50-day moving average price of $57.46 and a 200 day moving average price of $48.61. The stock has a market capitalization of $24.97 billion, a P/E ratio of -195.54, a P/E/G ratio of 1.07 and a beta of 1.53. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $449.34 million. During the same period in the previous year, the business earned $0.26 earnings per share. Equities research analysts expect that TPG will post 1.96 EPS for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.42 dividend. This is an increase from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 2.45%. TPG’s payout ratio is presently -479.99%.

Institutional Investors Weigh In On TPG

A number of hedge funds and other institutional investors have recently modified their holdings of TPG. Vanguard Group Inc. boosted its position in TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after acquiring an additional 366,306 shares during the last quarter. Capital International Investors lifted its stake in shares of TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after purchasing an additional 336,665 shares during the period. Millennium Management LLC boosted its holdings in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of TPG by 13.9% in the second quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock valued at $51,417,000 after purchasing an additional 151,317 shares during the period. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

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.