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

Shares of TPG Inc. (NASDAQ:TPG) have received an average recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $63.00.

Several research analysts recently commented on TPG shares. TD Cowen reduced their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley increased their price target 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. BMO Capital Markets lifted their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 76.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TPG. ORG Wealth Partners LLC bought a new stake in TPG during the 4th quarter worth about $33,000. Signaturefd LLC raised its holdings in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares in the last quarter. R Squared Ltd acquired a new position in TPG during the fourth quarter valued at approximately $97,000. Covestor Ltd grew its stake in TPG by 1,128.3% in the third 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. Finally, KBC Group NV increased its position in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Trading Down 2.2 %

Shares of NASDAQ:TPG opened at $64.03 on Friday. 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’s 50-day moving average is $66.36 and its 200-day moving average is $60.42. The company has a market cap of $23.37 billion, a P/E ratio of -188.32, a P/E/G ratio of 0.93 and a beta of 1.49. TPG has a 52-week low of $39.18 and a 52-week high of $72.98.

TPG (NASDAQ:TPG) last announced 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 business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter last year, the company posted $0.56 earnings per share. Equities research analysts predict that TPG will post 1.95 earnings per share for the current year.

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.