TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Moderate Buy” by Brokerages

TPG Inc. (NASDAQ:TPG) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $47.25.

A number of research analysts recently issued reports on the company. TD Cowen decreased their price objective on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. The Goldman Sachs Group increased their price target on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Company assumed coverage on TPG in a research report on Thursday, September 12th. They set an “overweight” rating and a $60.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Insider Activity

In other news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the transaction, the director now owns 17,536 shares in the company, valued at approximately $816,300.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 76.48% of the company’s stock.

Hedge Funds Weigh In On TPG

Several hedge funds and other institutional investors have recently modified their holdings of TPG. Treasurer of the State of North Carolina increased its stake in shares of TPG by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock valued at $1,229,000 after purchasing an additional 280 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of TPG during the 4th quarter valued at $3,532,000. Stamos Capital Partners L.P. acquired a new stake in shares of TPG during the 4th quarter valued at $517,000. South Street Advisors LLC boosted its holdings in shares of TPG by 62.0% during the 4th quarter. South Street Advisors LLC now owns 430,573 shares of the company’s stock valued at $18,588,000 after acquiring an additional 164,845 shares in the last quarter. Finally, Putnam Investments LLC boosted its holdings in shares of TPG by 8.6% during the 4th quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock valued at $101,971,000 after acquiring an additional 187,183 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

TPG Stock Up 0.3 %

Shares of TPG stock opened at $58.47 on Friday. TPG has a 1 year low of $26.62 and a 1 year high of $60.35. The business has a 50-day moving average of $51.10 and a two-hundred day moving average of $46.01. The company has a market capitalization of $21.33 billion, a P/E ratio of -417.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The company had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, equities analysts predict that TPG will post 2.01 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.42 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.87%. TPG’s dividend payout ratio (DPR) is presently -1,199.91%.

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.