Analysts Set TPG Inc. (NASDAQ:TPG) Price Target at $47.25

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.25.

TPG has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of TPG in a research report on Thursday, September 12th. They set an "overweight" rating and a $60.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on TPG from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. TD Cowen decreased their price objective on TPG from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Monday, July 8th. Finally, The Goldman Sachs Group boosted their price objective on TPG from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, September 13th.

TPG Stock Performance

NASDAQ:TPG traded up $0.18 on Friday, hitting $58.01. The stock had a trading volume of 373,392 shares, compared to its average volume of 849,553. The business's 50-day simple moving average is $50.73 and its two-hundred day simple moving average is $45.81. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of -414.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. TPG has a 52-week low of $26.62 and a 52-week high of $60.35. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The company had revenue of $744.19 million for the quarter, compared to the consensus estimate of $449.34 million. During the same quarter last year, the firm posted $0.26 earnings per share. As a group, research analysts predict that TPG will post 2.01 earnings per share for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.42 dividend. This is an increase from TPG's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, August 16th. TPG's payout ratio is currently -1,199.91%.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction that occurred 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 sale, the director now owns 17,536 shares of the company's stock, valued at approximately $816,300.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 76.48% of the company's stock.

Hedge Funds Weigh In On TPG

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of TPG during the second quarter valued at approximately $25,000. YHB Investment Advisors Inc. purchased a new stake in TPG in the first quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TPG during the first quarter worth $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of TPG during the first quarter valued at $151,000. Finally, MQS Management LLC purchased a new stake in shares of TPG during the first quarter valued at $201,000. Institutional investors own 86.79% 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.