TPG (NASDAQ:TPG) Price Target Cut to $42.00 by Analysts at TD Cowen

TPG (NASDAQ:TPG - Free Report) had its price objective cut by TD Cowen from $65.00 to $42.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts also recently commented on the stock. Bank of America lowered their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Evercore ISI lifted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on shares of TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research report on Thursday, December 19th. Finally, JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, TPG currently has a consensus rating of "Hold" and a consensus target price of $58.25.

TPG Stock Performance

TPG stock traded down $0.07 during trading hours on Wednesday, hitting $44.52. 1,599,628 shares of the stock were exchanged, compared to its average volume of 1,102,273. TPG has a 12 month low of $37.52 and a 12 month high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $16.45 billion, a P/E ratio of -101.18, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a 50-day simple moving average of $51.73 and a two-hundred day simple moving average of $60.75.

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TPG (NASDAQ:TPG - Get Free Report) last issued 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, analysts forecast that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio is currently -481.82%.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company's stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by company insiders.

Institutional Trading of TPG

A number of hedge funds have recently modified their holdings of TPG. The Manufacturers Life Insurance Company lifted its position in TPG by 19.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock valued at $1,357,000 after acquiring an additional 3,802 shares during the period. State Street Corp increased its stake in shares of TPG by 5.0% during the third quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after purchasing an additional 67,597 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of TPG during the third quarter valued at approximately $461,000. Barclays PLC boosted its position in shares of TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after purchasing an additional 597,972 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after buying an additional 102,663 shares during the last quarter. Institutional investors 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.