Analysts Set TPG Inc. (NASDAQ:TPG) PT at $63.00

TPG Inc. (NASDAQ:TPG) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.

Several research analysts have recently weighed in on TPG shares. BMO Capital Markets upped their price target 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. Evercore ISI raised their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley boosted their price target on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th.

TPG Stock Performance

Shares of TPG opened at $62.40 on Monday. TPG has a 52-week low of $38.20 and a 52-week high of $72.98. The stock’s 50-day simple moving average is $66.57 and its 200 day simple moving average is $57.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $22.77 billion, a price-to-earnings ratio of -183.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates 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. Research analysts forecast that TPG will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.44%. TPG’s dividend payout ratio (DPR) is currently -447.06%.

Institutional Trading of TPG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of TPG by 7.7% in the third 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. International Assets Investment Management LLC increased its position in shares of TPG by 5,656.0% in the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after acquiring an additional 33,936 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of TPG in the second quarter valued at about $1,057,000. Millennium Management LLC boosted its holdings in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of TPG during the second quarter worth about $606,000. Institutional investors own 94.03% 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.