TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of “Hold” from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $63.18.

TPG has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods increased their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was 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 $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TPG

A number of hedge funds have recently modified their holdings of the business. Treasurer of the State of North Carolina boosted its stake in TPG by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock worth $2,322,000 after purchasing an additional 230 shares during the period. Shoker Investment Counsel Inc. boosted its stake in shares of TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares during the period. Comerica Bank grew its holdings in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after buying an additional 450 shares during the last quarter. KBC Group NV increased its position in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in TPG by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after acquiring an additional 498 shares during the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Trading Down 3.7 %

TPG opened at $47.71 on Friday. The stock has a market capitalization of $17.63 billion, a PE ratio of -108.43, a P/E/G ratio of 0.80 and a beta of 1.54. TPG has a one year low of $39.18 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The business’s 50 day moving average price is $57.29 and its 200 day moving average price is $61.77.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, equities research analysts expect that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is presently -481.82%.

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.