TPG's (TPG) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of TPG (NASDAQ:TPG - Free Report) in a report issued on Tuesday, Benzinga reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley increased their price target on shares of TPG from $31.00 to $40.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. BMO Capital Markets restated a market perform rating and issued a $42.00 price objective (up previously from $36.00) on shares of TPG in a report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of TPG from $38.00 to $43.00 and gave the stock an equal weight rating in a report on Wednesday, February 14th. The Goldman Sachs Group restated a buy rating on shares of TPG in a report on Monday, April 1st. Finally, TD Cowen assumed coverage on shares of TPG in a report on Thursday, January 4th. They issued a market perform rating and a $38.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $39.04.

TPG Trading Down 0.4 %

Shares of NASDAQ:TPG traded down $0.20 during midday trading on Tuesday, hitting $45.04. 723,256 shares of the stock traded hands, compared to its average volume of 835,270. The stock has a market capitalization of $16.43 billion, a PE ratio of -1,128.25, a P/E/G ratio of 0.75 and a beta of 1.62. The business's 50 day moving average is $44.13 and its two-hundred day moving average is $38.30. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG has a one year low of $24.74 and a one year high of $47.20.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. The firm 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 quarterly revenue was up 51.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, research analysts forecast that TPG will post 2.1 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.44 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 annualized dividend and a yield of 3.91%. TPG's payout ratio is presently -4,400.00%.

Insiders Place Their Bets

In other TPG news, CAO Martin Davidson sold 39,317 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 value of $1,637,159.88. Following the transaction, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jon Winkelried sold 1,000,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $41,640,000.00. Following the sale, the chief executive officer now directly owns 3,326,460 shares in the company, valued at approximately $138,513,794.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Martin Davidson sold 39,317 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the sale, the chief accounting officer now owns 30,991 shares in the company, valued at $1,290,465.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,434,129 shares of company stock worth $101,357,132. Company insiders own 78.72% of the company's stock.

Institutional Trading of TPG

Institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors purchased a new position in TPG during the first quarter valued at $114,248,000. Capital Research Global Investors purchased a new position in TPG during the first quarter valued at $114,229,000. Vanguard Group Inc. purchased a new position in TPG during the first quarter valued at $89,216,000. Norges Bank purchased a new position in TPG during the fourth quarter valued at $55,992,000. Finally, BlackRock Inc. grew its stake in TPG by 59.2% during the second 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 currently owned by 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.