TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Hold” by Brokerages

TPG Inc. (NASDAQ:TPG) has earned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $64.27.

TPG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods raised their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. TD Cowen cut their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC acquired a new position in TPG during the 4th quarter worth $67,000. Two Sigma Advisers LP acquired a new position in TPG during the 4th quarter worth $270,000. Two Sigma Investments LP grew its stake in TPG by 33.6% during the 4th quarter. Two Sigma Investments LP now owns 141,797 shares of the company’s stock worth $8,911,000 after purchasing an additional 35,662 shares in the last quarter. Scientech Research LLC acquired a new position in TPG during the 4th quarter worth $1,257,000. Finally, Point72 Asset Management L.P. acquired a new position in TPG during the 4th quarter worth $15,818,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

Shares of TPG stock opened at $55.16 on Tuesday. TPG has a one year low of $39.18 and a one year high of $72.98. The company has a market cap of $20.13 billion, a price-to-earnings ratio of -125.36, a PEG ratio of 0.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The business’s 50 day moving average price is $63.16 and its 200 day moving average price is $61.83.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. On average, research analysts predict that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.84%. TPG’s payout ratio is presently -481.82%.

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.