TPG (NASDAQ:TPG) Announces Earnings Results, Beats Estimates By $0.10 EPS

TPG (NASDAQ:TPG) posted its quarterly earnings results on Tuesday. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10, Zacks reports. TPG had a net margin of 0.69% and a return on equity of 23.45%.

TPG Price Performance

TPG stock opened at $60.79 on Wednesday. The company’s 50 day simple moving average is $65.68 and its 200-day simple moving average is $60.92. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TPG. The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. TD Cowen reduced their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI lifted their target price on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.00.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’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 of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 76.48% of the company’s stock.

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.