TPG Inc. (NASDAQ:TPG) Receives $63.00 Consensus Target Price from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, 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 target among analysts that have updated their coverage on the stock in the last year is $63.00.

A number of equities research analysts recently weighed in on TPG shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Evercore ISI upped their target price on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th.

TPG Trading Down 0.1 %

TPG opened at $63.76 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $23.27 billion, a price-to-earnings ratio of -187.52, a price-to-earnings-growth ratio of 0.93 and a beta of 1.49. The firm has a 50 day simple moving average of $66.12 and a 200 day simple moving average of $60.47. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, sell-side analysts anticipate that TPG will post 1.95 earnings per share for the current year.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in TPG during the fourth quarter worth $615,000. Arizona State Retirement System boosted its holdings in TPG by 4.8% during the fourth quarter. Arizona State Retirement System now owns 22,334 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,014 shares during the last quarter. Aigen Investment Management LP acquired a new position in TPG during the fourth quarter worth $688,000. Cookson Peirce & Co. Inc. boosted its holdings in TPG by 56.5% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 14,135 shares of the company’s stock worth $888,000 after purchasing an additional 5,103 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in TPG by 143.2% during the fourth quarter. Victory Capital Management Inc. now owns 25,592 shares of the company’s stock worth $1,608,000 after purchasing 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.