Analysts Set TPG Inc. (NASDAQ:TPG) PT at $64.27

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $64.27.

Several research analysts recently weighed in on the stock. TD Cowen dropped their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price target on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Evercore ISI upped their target price on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th.

TPG Stock Performance

NASDAQ TPG opened at $52.80 on Tuesday. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of -120.00, a PEG ratio of 0.80 and a beta of 1.49. The company has a 50 day moving average of $62.94 and a 200-day moving average of $61.95. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG has a 1-year low of $39.18 and a 1-year high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 analysts forecast that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 21st. TPG’s dividend payout ratio is presently -481.82%.

Insider Buying and Selling at TPG

In other TPG 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in shares of TPG during the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC acquired a new stake in TPG in the fourth quarter valued at approximately $67,000. Signaturefd LLC boosted its position in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. Comerica Bank boosted its position in TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after buying an additional 450 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of TPG during the fourth quarter valued at $97,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.