TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Hold” by Brokerages

TPG Inc. (NASDAQ:TPG) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.50.

A number of equities analysts recently weighed in on TPG shares. Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $43.00 to $52.00 in a research report on Friday, May 10th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. Jefferies Financial Group reduced their price objective on TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. The Goldman Sachs Group restated a “buy” rating on shares of TPG in a report on Monday, April 1st. Finally, UBS Group lifted their price target on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 12th.

TPG Stock Performance

NASDAQ TPG opened at $41.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $42.47 and its 200-day simple moving average is $42.72. The company has a market cap of $15.12 billion, a PE ratio of -296.05, a price-to-earnings-growth ratio of 0.72 and a beta of 1.55. TPG has a 1-year low of $26.03 and a 1-year high of $47.20.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 21.16% and a net margin of 2.74%. The company had revenue of $512.30 million for the quarter, compared to analyst estimates of $452.87 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 64.5% on a year-over-year basis. As a group, equities research analysts anticipate that TPG will post 2.02 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.64 annualized dividend and a dividend yield of 3.96%. TPG’s dividend payout ratio is currently -1,171.34%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of TPG by 2.4% in the third quarter. Swiss National Bank now owns 119,100 shares of the company’s stock valued at $3,587,000 after purchasing an additional 2,800 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in TPG by 35.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 582,317 shares of the company’s stock worth $17,539,000 after buying an additional 151,993 shares in the last quarter. FMR LLC boosted its position in TPG by 473,573.1% in the 3rd quarter. FMR LLC now owns 123,155 shares of the company’s stock valued at $3,709,000 after buying an additional 123,129 shares during the period. Invesco Ltd. grew its stake in shares of TPG by 13.2% in the third quarter. Invesco Ltd. now owns 498,617 shares of the company’s stock worth $15,018,000 after acquiring an additional 58,140 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock worth $18,988,000 after acquiring an additional 265,706 shares during the period. 86.79% 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.