TPG Inc. (NASDAQ:TPG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.83.

TPG has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price 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. Wells Fargo & Company raised their price objective on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. BMO Capital Markets boosted their target price on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Evercore ISI raised their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On TPG

Hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after acquiring an additional 366,306 shares in the last quarter. Millennium Management LLC boosted its holdings in TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Franklin Resources Inc. grew its position in TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Geode Capital Management LLC increased its stake 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 last quarter. Finally, State Street Corp lifted its position in shares of TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock worth $81,849,000 after buying an additional 67,597 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Price Performance

Shares of TPG opened at $70.46 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a twelve month low of $37.14 and a twelve month high of $72.98. The stock has a market capitalization of $25.72 billion, a P/E ratio of -207.24, a P/E/G ratio of 1.14 and a beta of 1.46. The company has a 50 day moving average of $66.26 and a 200-day moving average of $53.90.

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

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.16%. TPG’s payout ratio is -447.06%.

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.