TPG (NASDAQ:TPG) Issues Quarterly Earnings Results

TPG (NASDAQ:TPG - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.06, Briefing.com reports. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. During the same period in the prior year, the business posted $0.24 EPS. The company's quarterly revenue was up 64.5% on a year-over-year basis.

TPG Stock Performance

Shares of NASDAQ:TPG traded down $0.59 on Thursday, reaching $42.93. 943,206 shares of the company's stock were exchanged, compared to its average volume of 771,128. TPG has a twelve month low of $24.74 and a twelve month high of $47.20. The company has a fifty day moving average of $44.37 and a 200-day moving average of $40.38. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of -1,074.75, a PEG ratio of 0.75 and a beta of 1.60. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, May 17th. TPG's dividend payout ratio (DPR) is -4,400.00%.

Insider Activity

In other news, President Todd Benjamin Sisitsky sold 52,807 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the sale, the president now directly owns 396,982 shares of the company's stock, valued at approximately $16,530,330.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jon Winkelried sold 1,000,000 shares of TPG 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 transaction, the chief executive officer now directly owns 3,326,460 shares of the company's stock, valued at $138,513,794.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd Benjamin Sisitsky sold 52,807 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $2,198,883.48. Following the sale, the president now owns 396,982 shares of the company's stock, valued at $16,530,330.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. Corporate insiders own 78.72% of the company's stock.

Analyst Ratings Changes

TPG has been the topic of several analyst reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $42.00 price target (up from $36.00) on shares of TPG in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods lifted their price target on TPG from $42.00 to $48.00 and gave the stock a "market perform" rating in a report on Wednesday, February 14th. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Tuesday, April 9th. Jefferies Financial Group reduced their target price on TPG from $46.00 to $44.00 and set a "hold" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of TPG in a report on Monday, April 1st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.25.

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.