TPG Inc. (NASDAQ:TPG) Receives $59.77 Consensus Price Target from Brokerages

Key Points

• TPG Inc. has received a consensus recommendation of "Moderate Buy" from fourteen research firms, with an average 12-month price target of $59.77.
• The company's latest earnings report showed a 6.1% increase in revenue, with $476.26 million reported compared to expectations of $459.75 million, despite missing EPS estimates slightly.
• TPG has recently cut its dividend to $0.41 per share while facing a payout ratio of -496.97%.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $59.77.

A number of analysts recently weighed in on TPG shares. Evercore ISI increased their price target on shares of TPG from $49.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Wolfe Research started coverage on TPG in a research note on Friday, June 20th. They set an "outperform" rating and a $60.00 target price for the company. UBS Group decreased their price target on shares of TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 price target (down from $80.00) on shares of TPG in a research note on Monday, April 14th. Finally, Bank of America decreased their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th.

TPG Trading Up 0.3%

TPG stock traded up $0.17 during trading hours on Friday, reaching $58.57. 339,834 shares of the company's stock traded hands, compared to its average volume of 1,666,114. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.18 and a current ratio of 0.18. TPG has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of -177.38, a PEG ratio of 1.48 and a beta of 1.55. The firm's 50 day moving average is $51.80 and its 200-day moving average is $52.77.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Monday, May 19th. TPG's dividend payout ratio (DPR) is currently -496.97%.

Insider Buying and Selling

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by insiders.

Institutional Investors Weigh In On TPG

Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of TPG by 27.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,250 shares of the company's stock valued at $1,396,000 after purchasing an additional 6,267 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock valued at $104,296,000 after acquiring an additional 1,596,254 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of TPG by 62.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,590 shares of the company's stock valued at $360,000 after acquiring an additional 2,913 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TPG during the 4th quarter valued at about $615,000. Finally, Lighthouse Investment Partners LLC bought a new stake in TPG in the 4th quarter worth approximately $11,852,000. Institutional investors own 94.03% of the company's stock.

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.