TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of “Hold” from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.25.

Several analysts have issued reports on TPG shares. Morgan Stanley upped their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI upped their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. TD Cowen lowered their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Hedge Funds Weigh In On TPG

Several large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its holdings in TPG by 17.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,026 shares of the company’s stock worth $1,383,000 after buying an additional 3,636 shares during the last quarter. Private Wealth Partners LLC raised its position in shares of TPG by 66.3% during the 3rd quarter. Private Wealth Partners LLC now owns 14,300 shares of the company’s stock worth $823,000 after acquiring an additional 5,700 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of TPG during the 3rd quarter worth about $208,000. Clear Harbor Asset Management LLC acquired a new position in TPG in the third quarter valued at approximately $1,545,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in TPG by 30.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,356 shares of the company’s stock valued at $1,355,000 after acquiring an additional 5,450 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Stock Performance

TPG opened at $68.44 on Wednesday. The firm has a market capitalization of $24.97 billion, a PE ratio of -195.54, a PEG ratio of 1.07 and a beta of 1.53. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a twelve month low of $26.81 and a twelve month high of $69.86. The firm’s 50-day moving average price is $57.46 and its 200 day moving average price is $48.61.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. During the same period in the previous year, the firm posted $0.26 EPS. As a group, sell-side analysts expect that TPG will post 1.96 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. TPG’s dividend payout ratio (DPR) is presently -479.99%.

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.