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

TPG Inc. (NASDAQ:TPG) has earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $60.25.

A number of research analysts have issued reports on TPG shares. UBS Group cut their price target on shares of TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Evercore ISI upped their price target on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their price target on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Citigroup cut their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price target on shares of TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd.

TPG Trading Down 0.1%

NASDAQ TPG opened at $48.60 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The firm has a market cap of $17.96 billion, a PE ratio of -110.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a 50 day moving average price of $46.64 and a 200 day moving average price of $56.50. TPG has a 52 week low of $37.52 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $476.26 million for the quarter, compared to the consensus estimate of $459.75 million. TPG had a return on equity of 24.66% and a net margin of 0.67%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, sell-side analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, May 19th. TPG’s dividend payout ratio (DPR) is currently -496.97%.

Insider Activity at TPG

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. 69.98% of the stock is owned by company insiders.

Institutional Trading of TPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPG. Strs Ohio purchased a new position in TPG during the first quarter valued at $1,057,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock valued at $22,941,000 after purchasing an additional 294,941 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after purchasing an additional 557,438 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in TPG by 114.2% during the first quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock valued at $404,560,000 after purchasing an additional 4,548,452 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new position in TPG during the first quarter valued at $205,000. Institutional investors and hedge funds own 94.03% 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.