TPG (NASDAQ:TPG) Price Target Lowered to $63.00 at The Goldman Sachs Group

TPG (NASDAQ:TPG - Free Report) had its price objective cut by The Goldman Sachs Group from $70.00 to $63.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

TPG has been the subject of a number of other research reports. Evercore ISI lifted their target price on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. BMO Capital Markets upped 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. Keefe, Bruyette & Woods raised their target price on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TPG presently has a consensus rating of "Hold" and a consensus target price of $62.42.

TPG Trading Down 4.6 %

Shares of TPG stock traded down $1.92 on Thursday, hitting $39.68. The stock had a trading volume of 2,593,624 shares, compared to its average volume of 1,068,230. The company's 50 day moving average price is $54.49 and its 200-day moving average price is $61.41. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The firm has a market capitalization of $14.66 billion, a P/E ratio of -90.18, a P/E/G 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.

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TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS 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%. Analysts anticipate that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 5.34%. TPG's dividend payout ratio (DPR) is presently -481.82%.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following 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 ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by corporate insiders.

Institutional Trading of TPG

Several large investors have recently added to or reduced their stakes in TPG. GAMMA Investing LLC grew its stake in shares of TPG by 5,612.3% in the first quarter. GAMMA Investing LLC now owns 28,790 shares of the company's stock worth $1,366,000 after purchasing an additional 28,286 shares in the last quarter. Versant Capital Management Inc raised its holdings in TPG by 12,263.6% during the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares in the last quarter. California State Teachers Retirement System increased its position in shares of TPG by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 72,575 shares of the company's stock valued at $4,561,000 after purchasing an additional 1,760 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of TPG in the 4th quarter worth $67,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of TPG in the fourth quarter valued at $270,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.