TPG Inc. (NASDAQ:TPG) Receives $39.96 Consensus Price Target from Brokerages

TPG Inc. (NASDAQ:TPG) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.96.

Several brokerages recently commented on TPG. UBS Group upped their target price on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Tuesday, April 9th. TheStreet cut shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Morgan Stanley increased their price objective on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their target price on TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th.

TPG Trading Up 1.2 %

Shares of NASDAQ:TPG opened at $44.17 on Wednesday. The company has a market capitalization of $16.11 billion, a P/E ratio of -1,090.48, a P/E/G ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. The business’s 50 day simple moving average is $44.31 and its 200 day simple moving average is $39.87. TPG has a 1 year low of $24.74 and a 1 year high of $47.20.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. TPG had a return on equity of 18.69% and a net margin of 3.35%. The company had revenue of $529.90 million for the quarter, compared to analyst estimates of $395.30 million. During the same quarter last year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. On average, research analysts anticipate that TPG will post 2.09 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 22nd. TPG’s payout ratio is -4,398.90%.

Insider Transactions at TPG

In other TPG news, insider Joann Harris sold 1,739 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the completion of the transaction, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joann Harris sold 1,739 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $72,411.96. Following the sale, the insider now owns 22,860 shares in the company, valued at approximately $951,890.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jon Winkelried sold 1,000,000 shares of TPG stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $41,640,000.00. Following the transaction, the chief executive officer now directly owns 3,326,460 shares of the company’s stock, valued at $138,513,794.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. Company insiders own 78.72% of the company’s stock.

Hedge Funds Weigh In On TPG

Several institutional investors have recently bought and sold shares of TPG. Norges Bank purchased a new stake in shares of TPG during the fourth quarter valued at about $52,189,000. Massachusetts Financial Services Co. MA increased its stake in shares of TPG by 18.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock worth $127,634,000 after acquiring an additional 462,355 shares during the period. Vanguard Group Inc. lifted its position in TPG by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock valued at $261,199,000 after purchasing an additional 320,972 shares during the period. Grafton Street Partners Fund LP acquired a new stake in TPG during the 4th quarter worth about $11,479,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock worth $18,988,000 after acquiring an additional 265,706 shares during the period. Institutional investors own 86.79% of the company’s stock.

About TPG

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.