TPG’s (TPG) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of TPG (NASDAQ:TPG) in a report published on Monday, Marketbeat reports. They currently have a $47.00 price target on the stock, down from their prior price target of $80.00.

Other equities analysts have also recently issued research reports about the stock. TD Cowen lowered their price objective on shares of TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Citigroup decreased their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI raised their price objective on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets boosted their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.25.

TPG Price Performance

Shares of NASDAQ:TPG opened at $43.50 on Monday. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of -98.86, a PEG ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG has a 12 month low of $37.52 and a 12 month high of $72.98. The stock’s 50 day moving average price is $50.58 and its 200 day moving average price is $60.43.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Equities research analysts anticipate 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 Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 4.87%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock worth $519,438,000 after buying an additional 162,107 shares during the last quarter. Capital World Investors increased its stake in shares of TPG by 484.6% during the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock worth $192,625,000 after purchasing an additional 2,541,013 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after purchasing an additional 244,373 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of TPG by 43.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock valued at $141,584,000 after purchasing an additional 683,572 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of TPG by 66.8% in the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after purchasing an additional 898,943 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.