TPG Inc. (NASDAQ:TPG) Receives $63.18 Average Price Target from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $63.18.

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, BMO Capital Markets upped their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th.

TPG Price Performance

Shares of TPG stock opened at $51.33 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm has a market cap of $18.96 billion, a P/E ratio of -116.66, a P/E/G ratio of 0.80 and a beta of 1.54. The business’s 50 day moving average price is $58.00 and its 200-day moving average price is $61.87.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, equities research analysts anticipate that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.13%. TPG’s dividend payout ratio is -481.82%.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Hedge Funds Weigh In On TPG

A number of institutional investors and hedge funds have recently modified their holdings of TPG. KBC Group NV lifted its stake in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the period. Swiss National Bank raised its position in TPG by 5.9% in the third quarter. Swiss National Bank now owns 144,600 shares of the company’s stock worth $8,323,000 after acquiring an additional 8,100 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of TPG by 803.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock worth $615,000 after acquiring an additional 9,495 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of TPG by 19.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,802 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.