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

TPG Inc. (NASDAQ:TPG - Get Free Report) has earned an average rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $64.1429.

A number of brokerages have weighed in on TPG. Bank of America upped their price objective on shares of TPG from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. The Goldman Sachs Group upped their price objective on shares of TPG from $61.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. BMO Capital Markets began coverage on shares of TPG in a research report on Friday, October 3rd. They issued an "outperform" rating and a $65.00 price objective for the company. Evercore ISI upped their price objective on shares of TPG from $52.00 to $60.00 and gave the stock an "in-line" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th.

TPG Trading Down 2.5%

NASDAQ TPG opened at $57.08 on Wednesday. The company has a market capitalization of $21.57 billion, a PE ratio of -300.42, a P/E/G ratio of 1.12 and a beta of 1.53. The company has a fifty day moving average of $60.28 and a 200 day moving average of $53.33. 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 0.45, a current ratio of 0.40 and a quick ratio of 0.40.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.24. The business had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The company's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Research analysts forecast that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.59 per share. This is an increase from TPG's previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 18th. TPG's dividend payout ratio is presently -1,242.11%.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the sale, the director owned 16,807 shares of the company's stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 76.48% of the stock is owned by corporate insiders.

Institutional Trading of TPG

Large investors have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in TPG by 132.3% in the 1st 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in TPG in the 2nd quarter valued at about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 acquiring an additional 524 shares during the last quarter. GAMMA Investing LLC raised its holdings in TPG by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company's stock valued at $50,000 after acquiring an additional 338 shares during the last quarter. Finally, MAI Capital Management raised its holdings in TPG by 572.3% in the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company's stock valued at $62,000 after acquiring an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors 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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