TPG Inc. (NASDAQ:TPG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

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Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $62.5714.

A number of research firms have recently commented on TPG. Evercore ISI boosted their target price on shares of TPG from $52.00 to $60.00 and gave the stock an "in-line" rating in a research note on Friday, August 8th. The Goldman Sachs Group raised their target price on TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company lifted their price target on TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup increased their price objective on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, BNP Paribas raised shares of TPG to a "strong-buy" rating in a research note on Wednesday, July 30th.

TPG Stock Performance

Shares of TPG stock opened at $62.45 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. TPG has a 12-month low of $37.52 and a 12-month high of $72.98. The business's 50 day moving average is $55.57 and its two-hundred day moving average is $52.08. The company has a market capitalization of $23.60 billion, a P/E ratio of -328.68, a P/E/G ratio of 1.33 and a beta of 1.56.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. The firm had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%. The business's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Analysts expect that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.59 dividend. This is a boost from TPG's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.36 annualized dividend and a dividend yield of 3.8%. TPG's dividend payout ratio is currently -863.16%.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director directly owned 16,807 shares of the company's stock, valued at approximately $946,570.24. The trade was a 9.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 76.48% of the company's stock.

Institutional Trading of TPG

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in TPG by 132.3% in the first quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after purchasing an additional 369 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of TPG in the 2nd quarter valued at about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company's stock valued at $38,000 after buying an additional 524 shares during the period. GAMMA Investing LLC grew its position in shares of TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company's stock worth $50,000 after buying an additional 338 shares in the last quarter. Finally, MAI Capital Management increased its stake in shares of TPG by 572.3% during the second quarter. MAI Capital Management now owns 1,190 shares of the company's stock worth $62,000 after buying an additional 1,013 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

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.

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