TPG Inc. (NASDAQ:TPG) Receives $64.14 Consensus Target Price from Analysts

TPG Inc. (NASDAQ:TPG) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.1429.

A number of research analysts have weighed in on TPG shares. Weiss Ratings restated a “hold (c-)” rating on shares of TPG in a report on Wednesday. Wolfe Research started coverage on TPG in a report on Friday, June 20th. They issued an “outperform” rating and a $60.00 price objective on the stock. BMO Capital Markets started coverage on TPG in a report on Friday, October 3rd. They issued an “outperform” rating and a $65.00 price objective on the stock. Bank of America raised their price objective on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, BNP Paribas Exane raised TPG from a “neutral” rating to an “outperform” rating and set a $69.00 target price for the company in a research note on Wednesday, July 30th.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 16,807 shares in the company, valued at approximately $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 69.98% of the company’s stock.

Institutional Trading of TPG

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its position in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after acquiring an additional 369 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of TPG during the second quarter worth about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares during the last quarter. GAMMA Investing LLC lifted its stake in TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Finally, MAI Capital Management lifted its stake in TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after buying an additional 1,013 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Trading Down 5.6%

Shares of NASDAQ:TPG opened at $54.91 on Wednesday. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of -289.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50 day moving average price is $60.27 and its 200-day moving average price is $53.42.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $470.57 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.59 dividend. The ex-dividend date was Monday, August 18th. This is a positive change from TPG’s previous quarterly dividend of $0.41. This represents a $2.36 annualized dividend and a yield of 4.3%. TPG’s dividend payout ratio (DPR) is currently -1,242.11%.

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.