TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of "Hold" from Brokerages

TPG Inc. (NASDAQ:TPG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $60.25.

Several research analysts have recently issued reports on TPG shares. The Goldman Sachs Group reduced their price objective on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price target on TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. UBS Group lowered their price target on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

TPG Stock Up 2.7%

Shares of NASDAQ:TPG traded up $1.34 on Thursday, hitting $50.25. 1,713,367 shares of the company traded hands, compared to its average volume of 1,270,868. TPG has a 52 week low of $37.52 and a 52 week high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $46.72 and a 200-day simple moving average of $56.26. The company has a market cap of $18.57 billion, a PE ratio of -114.20, a PEG ratio of 0.80 and a beta of 1.55.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). TPG had a return on equity of 24.66% and a net margin of 0.67%. The business had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts expect that TPG will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, May 19th. TPG's dividend payout ratio is -496.97%.

Insiders Place Their Bets

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 69.98% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in TPG during the first quarter valued at approximately $1,057,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in TPG by 156.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company's stock worth $22,941,000 after purchasing an additional 294,941 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in TPG by 4,109.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company's stock valued at $27,083,000 after acquiring an additional 557,438 shares during the period. Temasek Holdings Private Ltd increased its stake in TPG by 114.2% during the 1st quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company's stock valued at $404,560,000 after purchasing an additional 4,548,452 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in TPG during the 1st quarter valued at about $205,000. 94.03% of the stock is owned by institutional investors.

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.