TPG (NASDAQ:TPG) Given Market Perform Rating at JMP Securities

JMP Securities restated their market perform rating on shares of TPG (NASDAQ:TPG) in a report published on Thursday morning,Benzinga reports.

Several other research analysts have also recently issued reports on TPG. Keefe, Bruyette & Woods increased their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group increased their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company dropped their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.08.

TPG Stock Down 3.9 %

TPG stock opened at $58.49 on Thursday. TPG has a 52-week low of $39.18 and a 52-week high of $72.98. 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 firm has a 50-day moving average price of $65.27 and a two-hundred day moving average price of $60.90.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 23.45% and a net margin of 0.69%. As a group, equities analysts predict that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -447.05%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated 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 directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several hedge funds have recently made changes to their positions in TPG. ORG Wealth Partners LLC purchased a new position in TPG during the 4th quarter worth approximately $33,000. Signaturefd LLC grew its holdings in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. R Squared Ltd purchased a new position in shares of TPG during the fourth quarter valued at $97,000. Covestor Ltd raised its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares during the period. Finally, KBC Group NV lifted its stake in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares in 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.