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

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $60.23.

Several analysts have recently weighed in on TPG shares. Citigroup decreased their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen dropped their price target on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Bank of America reduced their price objective 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 Stock Up 0.5%

Shares of NASDAQ TPG opened at $53.09 on Monday. The company has a market cap of $19.62 billion, a P/E ratio of -160.88, a PEG ratio of 1.12 and a beta of 1.55. The firm has a 50-day simple moving average of $48.91 and a two-hundred day simple moving average of $54.12. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $476.26 million for the quarter, compared to the consensus estimate of $459.75 million. TPG had a return on equity of 24.47% and a net margin of 0.90%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. Research analysts anticipate 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 given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Monday, May 19th. TPG's dividend payout ratio is currently -496.97%.

Insiders Place Their Bets

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 76.48% of the stock is owned by corporate insiders.

Institutional Trading of TPG

Several large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in shares of TPG during the fourth quarter worth about $456,000. Illinois Municipal Retirement Fund acquired a new stake in TPG during the fourth quarter valued at approximately $675,000. Versor Investments LP bought a new position in TPG during the 4th quarter worth approximately $509,000. US Bancorp DE grew its position in shares of TPG by 5,540.2% in the 4th quarter. US Bancorp DE now owns 4,907 shares of the company's stock worth $308,000 after acquiring an additional 4,820 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of TPG by 143.2% in the 4th quarter. Victory Capital Management Inc. now owns 25,592 shares of the company's stock valued at $1,608,000 after acquiring an additional 15,071 shares during the last quarter. Institutional investors and hedge funds 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.

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