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

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.96.

Several research analysts have commented on TPG shares. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Wells Fargo & Company lifted their target price on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. BMO Capital Markets reiterated a “market perform” rating and set a $42.00 target price (up from $36.00) on shares of TPG in a research report on Wednesday, February 14th. Morgan Stanley lifted their target price on TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, TD Cowen assumed coverage on TPG in a research report on Thursday, January 4th. They set a “market perform” rating and a $38.00 target price for the company.

Insider Activity at TPG

In other TPG news, President Todd Benjamin Sisitsky sold 52,807 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the completion of the sale, the president now owns 396,982 shares of the company’s stock, valued at $16,530,330.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Kelvin L. Davis sold 822,017 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $34,228,787.88. Following the completion of the transaction, the director now directly owns 844,584 shares in the company, valued at $35,168,477.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Todd Benjamin Sisitsky sold 52,807 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $2,198,883.48. Following the transaction, the president now owns 396,982 shares of the company’s stock, valued at $16,530,330.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,434,129 shares of company stock valued at $101,357,132. 78.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TPG. YHB Investment Advisors Inc. acquired a new stake in TPG in the first quarter valued at $32,000. Signaturefd LLC increased its position in shares of TPG by 327.6% during the fourth quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after purchasing an additional 724 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of TPG during the third quarter worth about $30,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of TPG during the fourth quarter worth about $51,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TPG during the fourth quarter worth about $164,000. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

TPG Price Performance

NASDAQ TPG opened at $43.10 on Wednesday. TPG has a 12 month low of $24.74 and a 12 month high of $47.20. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of -1,077.23, a PEG ratio of 0.75 and a beta of 1.62. The company’s 50 day moving average is $44.29 and its two-hundred day moving average is $39.72. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. The firm had revenue of $529.90 million for the quarter, compared to analysts’ expectations of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. As a group, research analysts anticipate that TPG will post 2.09 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.44 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 annualized dividend and a dividend yield of 4.08%. TPG’s dividend payout ratio is presently -4,398.90%.

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.