TPG (NASDAQ:TPG) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of TPG (NASDAQ:TPG) in a report issued on Friday, MarketBeat reports. The firm issued an outperform rating and a $65.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Citigroup boosted their price objective on TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Wells Fargo & Company boosted their price objective on TPG from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. BNP Paribas raised TPG to a “strong-buy” rating in a research note on Wednesday, July 30th. Evercore ISI boosted their price objective on TPG from $52.00 to $60.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Finally, BNP Paribas Exane raised TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.07.

TPG Stock Up 3.8%

Shares of TPG opened at $58.51 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. TPG has a one year low of $37.52 and a one year high of $72.98. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of -307.95, a PEG ratio of 1.18 and a beta of 1.53. The stock has a 50 day moving average price of $60.30 and a 200 day moving average price of $53.21.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.45 by $0.24. TPG had a return on equity of 25.79% and a net margin of 1.60%.The firm had revenue of $495.12 million during the quarter, compared to analysts’ expectations of $470.57 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.59 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.36 annualized dividend and a dividend yield of 4.0%. TPG’s dividend payout ratio is currently -1,242.11%.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director owned 16,807 shares of the company’s stock, valued at $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 69.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

Several large investors have recently modified their holdings of the business. Darlington Partners Capital Management LP acquired a new position in TPG during the 2nd quarter worth about $258,581,000. Temasek Holdings Private Ltd lifted its stake in TPG by 114.2% during the 1st quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock worth $404,560,000 after acquiring an additional 4,548,452 shares in the last quarter. Wellington Management Group LLP lifted its stake in TPG by 69.1% during the 1st quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock worth $507,177,000 after acquiring an additional 4,369,618 shares in the last quarter. Vulcan Value Partners LLC acquired a new position in TPG during the 1st quarter worth about $86,332,000. Finally, Norges Bank acquired a new position in TPG during the 2nd quarter worth about $83,794,000. 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.