UBS Group Increases TPG (NASDAQ:TPG) Price Target to $50.00

TPG (NASDAQ:TPG - Free Report) had its target price raised by UBS Group from $45.00 to $50.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on TPG. Wells Fargo & Company boosted their price objective on shares of TPG from $38.00 to $43.00 and gave the company an equal weight rating in a research report on Wednesday, February 14th. Morgan Stanley boosted their price objective on shares of TPG from $31.00 to $40.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. BMO Capital Markets reaffirmed a market perform rating and set a $42.00 price objective (up previously from $36.00) on shares of TPG in a research report on Wednesday, February 14th. The Goldman Sachs Group reaffirmed a buy rating on shares of TPG in a research report on Monday, April 1st. Finally, Citigroup boosted their price objective on shares of TPG from $46.00 to $50.00 and gave the company a buy rating in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $39.96.

TPG Stock Down 3.2 %

TPG stock traded down $1.45 during trading on Friday, reaching $43.31. The stock had a trading volume of 571,693 shares, compared to its average volume of 820,477. TPG has a 1-year low of $24.74 and a 1-year high of $47.20. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $15.79 billion, a P/E ratio of -1,082.48, a PEG ratio of 0.76 and a beta of 1.62. The firm has a fifty day moving average price of $44.33 and a 200 day moving average price of $38.58.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $529.90 million during the quarter, compared to the consensus estimate of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company's revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. On average, equities analysts anticipate that TPG will post 2.1 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, February 22nd. TPG's dividend payout ratio (DPR) is -4,398.90%.

Insider Transactions at TPG

In other news, COO Anilu Vazquez-Ubarri sold 101,937 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $4,244,656.68. Following the completion of the sale, the chief operating officer now directly owns 333,711 shares of the company's stock, valued at approximately $13,895,726.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jon Winkelried sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $41,640,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,326,460 shares of the company's stock, valued at approximately $138,513,794.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Anilu Vazquez-Ubarri sold 101,937 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $4,244,656.68. Following the sale, the chief operating officer now directly owns 333,711 shares of the company's stock, valued at $13,895,726.04. The disclosure for this sale can be found here. In the last three months, insiders sold 2,434,129 shares of company stock valued at $101,357,132. Company insiders own 78.72% of the company's stock.

Institutional Trading of TPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPG. Capital International Investors purchased a new stake in shares of TPG in the 1st quarter valued at approximately $114,248,000. Capital Research Global Investors purchased a new stake in shares of TPG in the 1st quarter valued at approximately $114,229,000. Vanguard Group Inc. purchased a new stake in shares of TPG in the 1st quarter valued at approximately $89,216,000. Norges Bank purchased a new stake in shares of TPG in the 4th quarter valued at approximately $55,992,000. Finally, BlackRock Inc. lifted its position in shares of TPG by 59.2% in the 2nd quarter. BlackRock Inc. now owns 3,491,227 shares of the company's stock valued at $102,153,000 after acquiring an additional 1,298,069 shares in the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

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.