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

TPG Inc. (NASDAQ:TPG - Get Free Report) has received an average rating of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $57.67.

A number of equities analysts recently commented on the company. BMO Capital Markets boosted their price target on shares of TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TPG from $67.00 to $69.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of TPG from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group increased their target price on TPG from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, October 3rd.

TPG Price Performance

TPG stock traded down $1.23 during midday trading on Friday, reaching $64.67. The stock had a trading volume of 2,019,267 shares, compared to its average volume of 1,192,836. The company's fifty day simple moving average is $61.68 and its 200 day simple moving average is $50.69. The company has a market cap of $23.59 billion, a price-to-earnings ratio of -190.20, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a 52-week low of $33.69 and a 52-week high of $70.67.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analysts' expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period last year, the business earned $0.56 earnings per share. As a group, sell-side analysts predict that TPG will post 1.94 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, November 14th. TPG's dividend payout ratio is presently -447.05%.

Hedge Funds Weigh In On TPG

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in TPG in the second quarter valued at approximately $25,000. Signaturefd LLC grew its holdings in TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company's stock valued at $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd grew its holdings in TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company's stock valued at $107,000 after purchasing an additional 1,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TPG during the 1st quarter worth $112,000. Finally, KBC Group NV lifted its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company's stock.

TPG Company Profile

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.