TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Hold” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.83.

Several analysts have commented 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. JPMorgan Chase & Co. raised their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI upped their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. BMO Capital Markets raised their target price on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price target on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

TPG Stock Up 1.4 %

Shares of TPG opened at $70.66 on Friday. The business’s 50 day moving average is $63.30 and its 200 day moving average is $51.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a 12-month low of $34.07 and a 12-month high of $70.83. The company has a market capitalization of $25.79 billion, a PE ratio of -207.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the business posted $0.56 earnings per share. Research analysts expect that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, November 14th. TPG’s payout ratio is currently -447.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TPG. Vanguard Group Inc. grew its position in TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after purchasing an additional 366,306 shares during the last quarter. Capital International Investors increased its stake in TPG by 9.6% in the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after buying an additional 336,665 shares during the period. Millennium Management LLC lifted its holdings in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after buying an additional 922,571 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after buying an additional 102,663 shares during the period. Institutional investors own 86.79% 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.