TPG Inc. (NASDAQ:TPG – Get Rating) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $34.29.
Several brokerages have issued reports on TPG. Exane BNP Paribas downgraded shares of TPG from an “outperform” rating to a “neutral” rating in a report on Friday, October 14th. Morgan Stanley upped their price target on shares of TPG from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, November 14th. The Goldman Sachs Group upped their price target on shares of TPG to $31.00 in a report on Monday, August 15th. Jefferies Financial Group began coverage on shares of TPG in a report on Monday, October 17th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, BNP Paribas downgraded shares of TPG from an “outperform” rating to a “neutral” rating and set a $32.00 price target on the stock. in a report on Friday, October 14th.
Hedge Funds Weigh In On TPG
Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in TPG by 1.5% during the third quarter. California State Teachers Retirement System now owns 30,916 shares of the company’s stock worth $861,000 after purchasing an additional 468 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its position in TPG by 367.7% during the third quarter. Grandeur Peak Global Advisors LLC now owns 196,261 shares of the company’s stock worth $5,464,000 after purchasing an additional 154,294 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new position in TPG during the third quarter worth approximately $61,000. State Street Corp increased its position in TPG by 20.5% during the third quarter. State Street Corp now owns 258,817 shares of the company’s stock worth $7,205,000 after purchasing an additional 43,946 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in TPG by 120.4% during the third quarter. Two Sigma Advisers LP now owns 44,300 shares of the company’s stock worth $1,233,000 after purchasing an additional 24,200 shares during the last quarter. Institutional investors and hedge funds own 11.77% of the company’s stock.
TPG Stock Down 0.1 %
TPG (NASDAQ:TPG – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). TPG had a net margin of 56.19% and a return on equity of 19.09%. The business had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $265.82 million. On average, research analysts expect that TPG will post 1.82 earnings per share for the current fiscal year.
TPG Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, November 18th. TPG’s dividend payout ratio (DPR) is 1,300.16%.
TPG Company Profile
TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.
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