Shares of TPG Inc. (NASDAQ:TPG – Get Rating) have earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.13.
Several equities analysts have recently weighed in on TPG shares. Exane BNP Paribas lowered shares of TPG from an “outperform” rating to a “neutral” rating in a report on Friday, October 14th. BMO Capital Markets upped their price objective on shares of TPG from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, November 17th. Credit Suisse Group set a $31.50 price objective on shares of TPG in a report on Wednesday, November 23rd. BNP Paribas downgraded shares of TPG from an “outperform” rating to a “neutral” rating and set a $32.00 target price for the company. in a research report on Friday, October 14th. Finally, Wells Fargo & Company decreased their target price on shares of TPG from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday.
Institutional Investors Weigh In On TPG
A number of institutional investors have recently added to or reduced their stakes in TPG. Citigroup Inc. bought a new stake in TPG in the 1st quarter worth about $33,000. Advanced Research Investment Solutions LLC bought a new stake in TPG in the 3rd quarter worth about $56,000. BNP Paribas Arbitrage SNC bought a new stake in TPG in the 3rd quarter worth about $61,000. Glassman Wealth Services bought a new stake in TPG in the 2nd quarter worth about $88,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in TPG in the 2nd quarter worth about $99,000. 12.94% of the stock is owned by institutional investors.
TPG Price Performance
TPG (NASDAQ:TPG – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $265.82 million. Equities research analysts anticipate that TPG will post 1.82 earnings per share for the current fiscal year.
TPG Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 21st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Friday, November 18th. TPG’s payout ratio is 1,300.16%.
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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