Brokerages Set TPG Inc. (NASDAQ:TPG) Price Target at $44.42

TPG Inc. (NASDAQ:TPG) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.42.

A number of research analysts have issued reports on the stock. TD Cowen reduced their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Jefferies Financial Group decreased their price target on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $52.00 in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the sale, the director now owns 17,536 shares in the company, valued at $816,300.80. The transaction was disclosed in a filing with the SEC, which is available at this link. 76.48% of the stock is owned by insiders.

Institutional Investors Weigh In On TPG

Several institutional investors have recently modified their holdings of TPG. Simplicity Wealth LLC bought a new position in TPG during the first quarter valued at approximately $1,713,000. Swiss National Bank lifted its holdings in shares of TPG by 45.2% during the 1st quarter. Swiss National Bank now owns 155,100 shares of the company’s stock valued at $6,933,000 after buying an additional 48,300 shares during the period. Point72 Europe London LLP purchased a new position in shares of TPG in the 4th quarter worth $4,009,000. Capital International Investors grew its holdings in shares of TPG by 9.6% in the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after acquiring an additional 336,665 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in TPG in the first quarter valued at about $5,016,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Up 2.4 %

NASDAQ TPG opened at $49.13 on Friday. The business’s 50-day moving average is $44.12 and its 200 day moving average is $43.82. The stock has a market capitalization of $17.92 billion, a PE ratio of -350.93, a PEG ratio of 0.81 and a beta of 1.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 1 year low of $26.03 and a 1 year high of $51.62.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period last year, the company earned $0.26 EPS. Sell-side analysts forecast that TPG will post 2 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.42 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, August 16th. TPG’s dividend payout ratio is currently -1,200.00%.

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.