TPG (NASDAQ:TPG) Sees Strong Trading Volume - Still a Buy?

TPG Inc. (NASDAQ:TPG - Get Free Report) saw an uptick in trading volume on Wednesday . 2,710,639 shares changed hands during mid-day trading, an increase of 128% from the previous session's volume of 1,190,106 shares.The stock last traded at $49.20 and had previously closed at $49.90.

Analysts Set New Price Targets

TPG has been the topic of several research analyst reports. TD Cowen lowered their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Citigroup reduced their price target on TPG from $72.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TPG currently has an average rating of "Hold" and a consensus target price of $60.08.

TPG Stock Performance

The company has a market cap of $17.94 billion, a price-to-earnings ratio of -110.40, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm has a fifty day simple moving average of $47.14 and a 200 day simple moving average of $57.80.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm 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 24.66% and a net margin of 0.67%. TPG's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Monday, May 19th. TPG's dividend payout ratio (DPR) is -496.97%.

Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in shares of TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after purchasing an additional 369 shares in the last quarter. Versant Capital Management Inc lifted its position in TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in TPG during the fourth quarter worth $67,000. Comerica Bank increased its holdings in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares during the period. Finally, Signaturefd LLC increased its holdings in TPG by 27.0% in the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock valued at $68,000 after buying an additional 307 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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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