Brokerages Set TPG Inc. (NASDAQ:TPG) Price Target at $58.25

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been given an average recommendation of "Hold" by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $58.25.

A number of research analysts recently issued reports on TPG shares. Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price target (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Bank of America cut their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Evercore ISI increased 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, Citigroup lowered their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday, April 8th.

TPG Stock Up 0.0 %

Shares of NASDAQ TPG traded up $0.01 during midday trading on Wednesday, hitting $43.51. The company's stock had a trading volume of 1,268,373 shares, compared to its average volume of 1,114,449. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The business's fifty day simple moving average is $49.86 and its two-hundred day simple moving average is $60.23. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of -98.89, a price-to-earnings-growth 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.

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 return on equity of 24.66% and a net margin of 0.67%. On average, equities analysts predict 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. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio (DPR) is currently -481.82%.

Insiders Place Their Bets

In other news, General Counsel Bradford Berenson sold 2,509 shares of the firm'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 completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 76.48% of the company's stock.

Hedge Funds Weigh In On TPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in TPG by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock valued at $519,438,000 after buying an additional 162,107 shares during the last quarter. Capital World Investors increased its position in TPG by 484.6% during the 4th 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. Franklin Resources Inc. raised its stake in TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock valued at $161,921,000 after purchasing an additional 244,373 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in TPG by 43.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock valued at $141,584,000 after purchasing an additional 683,572 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of TPG by 66.8% during the 4th 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 and hedge funds 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.