Brokerages Set TPG Inc. (NASDAQ:TPG) Target Price at $44.42

TPG Inc. (NASDAQ:TPG) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $44.42.

Several brokerages have recently issued reports on TPG. TD Cowen lowered their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th.

TPG Trading Down 1.8 %

NASDAQ:TPG opened at $48.74 on Tuesday. TPG has a 1 year low of $26.62 and a 1 year high of $51.62. The stock has a market cap of $17.77 billion, a P/E ratio of -348.14, a P/E/G ratio of 0.85 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50-day simple moving average of $46.84 and a 200-day simple moving average of $44.56.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping 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 quarter in the previous year, the business earned $0.26 earnings per share. As a group, analysts anticipate that TPG will post 2.01 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend 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 3.45%. TPG’s dividend payout ratio is currently -1,200.00%.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the transaction, the director now owns 17,536 shares of the company’s stock, valued at $816,300.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 76.48% of the stock is owned by insiders.

Institutional Investors Weigh In On TPG

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of TPG in the 2nd quarter valued at approximately $25,000. YHB Investment Advisors Inc. purchased a new stake in shares of TPG during the 1st quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TPG during the 1st quarter worth $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of TPG in the 1st quarter valued at about $151,000. Finally, MQS Management LLC acquired a new stake in shares of TPG in the first quarter valued at about $201,000. Hedge funds and other institutional investors own 86.79% 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.