TPG Inc. (NASDAQ:TPG) Receives $58.25 Consensus Price Target from Analysts

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have earned a consensus rating of "Hold" from the thirteen brokerages that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.25.

A number of analysts recently issued reports on TPG shares. Wells Fargo & Company lowered their target price on TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price objective on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Evercore ISI upped their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. TD Cowen decreased their price objective on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup dropped their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 76.48% of the company's stock.

Institutional Investors Weigh In On TPG

Large investors have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of TPG during the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC bought a new stake in TPG during the fourth quarter worth $67,000. Comerica Bank boosted its holdings in shares of TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock valued at $65,000 after purchasing an additional 1,349 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of TPG during the 4th quarter worth $97,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Up 0.0 %

Shares of NASDAQ:TPG traded up $0.01 during mid-day trading on Wednesday, reaching $43.51. 1,268,373 shares of the stock were exchanged, compared to its average volume of 1,117,188. The company has a market cap of $16.08 billion, a P/E ratio of -98.89, a P/E/G ratio of 0.80 and a beta of 1.58. The stock's 50 day simple moving average is $49.86 and its 200-day simple moving average is $60.25. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, equities research analysts predict that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.87%. This is an increase from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is currently -481.82%.

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.