TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of "Hold" from Brokerages

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have earned a consensus rating of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $63.18.

TPG has been the subject of several research reports. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price objective 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 cut their target price on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday. Evercore ISI boosted their price target on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction 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 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 SEC, which is available at this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company's stock.

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Institutional Investors Weigh In On TPG

Large investors have recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of TPG by 484.6% during the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company's stock worth $192,625,000 after purchasing an additional 2,541,013 shares in the last quarter. Norges Bank purchased a new position in TPG in the fourth quarter worth $100,675,000. JPMorgan Chase & Co. increased its stake in TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock valued at $104,296,000 after acquiring an additional 1,596,254 shares during the last quarter. Lord Abbett & CO. LLC raised its position in TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock valued at $96,166,000 after purchasing an additional 992,818 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in TPG by 66.8% during the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock worth $141,001,000 after purchasing an additional 898,943 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Trading Up 4.5 %

TPG traded up $2.24 during trading on Friday, hitting $52.24. The company's stock had a trading volume of 1,499,026 shares, compared to its average volume of 986,529. The firm has a market capitalization of $19.30 billion, a P/E ratio of -118.73, a PEG ratio of 0.80 and a beta of 1.54. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $58.50 and its 200-day moving average price is $61.92.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio (DPR) is presently -481.82%.

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.