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

TPG Inc. (NASDAQ:TPG - Get Free Report) has earned an average rating of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $60.08.

Several analysts have commented on the stock. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Evercore ISI increased their target price 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price target (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. UBS Group lowered their price objective on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their target price on TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th.

Insider Activity

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction 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 completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 69.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On TPG

Several large investors have recently made changes to their positions in TPG. ORG Wealth Partners LLC bought a new stake in TPG during the fourth quarter worth about $33,000. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 369 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of TPG in the 4th quarter worth approximately $67,000. Comerica Bank grew its position in TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after acquiring an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in TPG by 12,263.6% during the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after acquiring an additional 1,349 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Stock Up 0.7%

TPG stock traded up $0.35 during midday trading on Friday, reaching $52.85. The company had a trading volume of 1,476,077 shares, compared to its average volume of 1,169,103. The company has a 50 day moving average of $46.73 and a two-hundred day moving average of $58.40. The company has a market capitalization of $19.53 billion, a P/E ratio of -120.11, a PEG ratio of 0.80 and a beta of 1.58. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last issued its 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 net margin of 0.67% and a return on equity of 24.66%. The firm had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. During the same quarter last year, the firm earned $0.49 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio is -496.97%.

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.