TPG (NASDAQ:TPG) Trading Down 4.9% – What’s Next?

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TPG shares. TD Cowen dropped their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Evercore ISI boosted their price target on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company boosted their target price on TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price target on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.25.

TPG Stock Performance

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $58.52 and its 200 day moving average is $49.13. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of -175.83, a PEG ratio of 1.07 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period last year, the company posted $0.26 EPS. On average, analysts predict that TPG Inc. will post 1.96 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is presently -480.00%.

Institutional Investors Weigh In On TPG

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd grew 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 valued at $107,000 after purchasing an additional 1,715 shares during the period. Shoker Investment Counsel Inc. purchased a new stake in TPG in the 3rd quarter valued at about $203,000. QRG Capital Management Inc. increased its stake in shares of TPG by 16.8% during the 3rd quarter. QRG Capital Management Inc. now owns 8,024 shares of the company’s stock valued at $462,000 after acquiring an additional 1,157 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of TPG by 17.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,026 shares of the company’s stock worth $1,383,000 after acquiring an additional 3,636 shares during the period. Finally, Private Wealth Partners LLC boosted its position in shares of TPG by 66.3% in the third quarter. Private Wealth Partners LLC now owns 14,300 shares of the company’s stock worth $823,000 after acquiring an additional 5,700 shares during the last quarter. 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.