Brokerages Set TPG Inc. (NASDAQ:TPG) Target Price at $64.27

Shares of TPG Inc. (NASDAQ:TPG) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $64.27.

Several equities analysts have commented on the stock. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Evercore ISI upped their price target on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th.

TPG Trading Down 4.3 %

TPG stock opened at $52.80 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of -120.00, a PEG ratio of 0.80 and a beta of 1.49. TPG has a one year low of $39.18 and a one year high of $72.98. The company’s fifty day moving average price is $62.94 and its two-hundred day moving average price is $61.95.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, analysts forecast that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in TPG during the fourth quarter worth about $33,000. Fourth Dimension Wealth LLC bought a new position in TPG during the fourth quarter worth about $67,000. Signaturefd LLC lifted its stake 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 purchasing an additional 188 shares during the period. Comerica Bank lifted its stake in TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after purchasing an additional 450 shares during the period. Finally, R Squared Ltd bought a new position in TPG during the fourth quarter worth about $97,000. 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.