TPG Inc. (NASDAQ:TPG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

TPG Inc. (NASDAQ:TPG – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $47.50.

Several research firms recently weighed in on TPG. TD Cowen cut their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company assumed coverage on shares of TPG in a research report on Thursday, September 12th. They set an “overweight” rating and a $60.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th.

Check Out Our Latest Report on TPG

TPG Trading Up 2.7 %

Shares of NASDAQ:TPG opened at $60.47 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a 12-month low of $26.62 and a 12-month high of $60.54. The company’s 50 day moving average price is $51.52 and its two-hundred day moving average price is $46.18.

TPG (NASDAQ:TPG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period in the previous year, the firm earned $0.26 EPS. As a group, sell-side analysts predict that TPG will post 2.01 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.42 dividend. The ex-dividend date was Friday, August 16th. This is an increase from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.78%. TPG’s dividend payout ratio (DPR) is currently -1,199.91%.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now owns 17,536 shares in the company, valued at $816,300.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after buying an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after acquiring an additional 366,306 shares during the last quarter. Capital International Investors increased its position in TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after purchasing an additional 336,665 shares during the period. Millennium Management LLC increased its position in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares during the period. Finally, Putnam Investments LLC raised its holdings in TPG by 8.6% during the 4th quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after purchasing an additional 187,183 shares during the last quarter. 86.79% of the stock is currently owned by institutional investors and hedge funds.

About TPG

(Get Free Report

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.

Featured Articles