A number of other research analysts also recently issued reports on the stock. Morgan Stanley upped their target price on shares of TPG from $28.00 to $30.00 and gave the company an equal weight rating in a research report on Monday, November 14th. UBS Group upped their target price on shares of TPG from $35.00 to $48.00 and gave the company a buy rating in a research report on Tuesday, November 15th. Exane BNP Paribas downgraded shares of TPG from an outperform rating to a neutral rating in a research report on Friday, October 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of TPG from $40.00 to $48.00 and gave the company a buy rating in a research report on Thursday, November 10th. Finally, Evercore ISI upped their target price on shares of TPG to $33.00 in a research report on Monday, August 15th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $34.63.
TPG Stock Down 0.5 %
Shares of NASDAQ:TPG opened at $35.36 on Wednesday. TPG has a 12 month low of $23.09 and a 12 month high of $44.43. The company’s 50-day moving average price is $31.16 and its two-hundred day moving average price is $29.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $10.92 billion and a P/E ratio of 442.06.
TPG Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be given a $0.26 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.94%. TPG’s dividend payout ratio is 1,300.16%.
Institutional Trading of TPG
A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in TPG by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 30,916 shares of the company’s stock worth $861,000 after purchasing an additional 468 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in TPG by 367.7% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 196,261 shares of the company’s stock worth $5,464,000 after purchasing an additional 154,294 shares in the last quarter. BNP Paribas Arbitrage SNC bought a new stake in TPG during the 3rd quarter worth approximately $61,000. State Street Corp increased its stake in TPG by 20.5% during the 3rd quarter. State Street Corp now owns 258,817 shares of the company’s stock worth $7,205,000 after purchasing an additional 43,946 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in TPG by 120.4% during the 3rd quarter. Two Sigma Advisers LP now owns 44,300 shares of the company’s stock worth $1,233,000 after purchasing an additional 24,200 shares in the last quarter. 11.77% of the stock is currently owned by institutional investors and hedge funds.
TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.
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