TPG (NASDAQ:TPG) Stock Price Down 4.9% - What's Next?

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) traded down 4.9% during mid-day trading on Monday . The company traded as low as $61.24 and last traded at $62.70. 141,657 shares changed hands during trading, a decline of 83% from the average session volume of 854,025 shares. The stock had previously closed at $65.94.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI lifted their price target on TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. TD Cowen cut their price target on TPG from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Monday, July 8th. The Goldman Sachs Group lifted their price target on TPG from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of TPG from $60.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TPG has a consensus rating of "Hold" and a consensus target price of $52.25.

TPG Price Performance

The business's 50-day moving average price is $58.52 and its 200 day moving average price is $49.13. The stock has a market capitalization of $22.54 billion, a PE ratio of -174.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. The firm had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period in the previous year, the business earned $0.26 EPS. Research analysts forecast that TPG Inc. will post 1.96 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from TPG's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.72%. TPG's payout ratio is -480.00%.

Institutional Trading of TPG

Several institutional investors have recently added to or reduced their stakes in TPG. Swiss National Bank raised its stake in shares of TPG by 45.2% during the first quarter. Swiss National Bank now owns 155,100 shares of the company's stock valued at $6,933,000 after acquiring an additional 48,300 shares during the last quarter. Capital International Investors raised its stake in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company's stock valued at $172,581,000 after acquiring an additional 336,665 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of TPG during the first quarter valued at about $935,000. Vanguard Group Inc. raised its stake in shares of TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company's stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of TPG during the second quarter valued at about $1,057,000. 86.79% 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.