TPG (NASDAQ:TPG) Hits New 12-Month Low on Analyst Downgrade

TPG Inc. (NASDAQ:TPG - Get Free Report)'s stock price reached a new 52-week low during trading on Friday after TD Cowen lowered their price target on the stock from $65.00 to $42.00. TD Cowen currently has a hold rating on the stock. TPG traded as low as $37.52 and last traded at $39.32, with a volume of 676412 shares traded. The stock had previously closed at $42.33.

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their target price on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Evercore ISI raised their target price 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. Finally, The Goldman Sachs Group cut their price target on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.62.

Insider Activity at TPG

In other news, 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 completion of the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 1,695 shares of the business's 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 completion of the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is owned by insiders.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TPG. Geode Capital Management LLC increased its holdings in 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 period. JPMorgan Chase & Co. boosted its holdings in TPG by 2,515.8% during the 4th 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 period. Gunderson Capital Management Inc. purchased a new position in TPG in the fourth quarter valued at $1,815,000. Highland Capital Management LLC raised its stake in TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new position in TPG in the fourth quarter valued at $12,705,000. Institutional investors own 94.03% of the company's stock.

TPG Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The company has a market capitalization of $16.51 billion, a PE ratio of -101.15, a P/E/G ratio of 0.80 and a beta of 1.58. The company's 50-day simple moving average is $53.40 and its 200-day simple moving average is $61.13.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.74%. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is currently -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.