Shares of TPG Inc. (NASDAQ:TPG – Get Rating) have been assigned a consensus rating of "Hold" from the fourteen brokerages that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.38.
A number of analysts have commented on TPG shares. Credit Suisse Group set a $31.50 price objective on shares of TPG in a research note on Wednesday, November 23rd. BMO Capital Markets lifted their price objective on shares of TPG from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Thursday, November 17th. Morgan Stanley raised their target price on TPG from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Monday, November 14th. BNP Paribas lowered TPG from an "outperform" rating to a "neutral" rating and set a $32.00 price target on the stock. in a research report on Friday, October 14th. Finally, Wells Fargo & Company decreased their price objective on TPG from $34.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 11th.
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TPG Trading Down 0.1 %
Shares of TPG stock opened at $33.90 on Monday. The business has a fifty day simple moving average of $31.38 and a 200-day simple moving average of $30.94. TPG has a fifty-two week low of $23.09 and a fifty-two week high of $44.43. The firm has a market cap of $10.47 billion and a price-to-earnings ratio of 423.80. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.14.
TPG (NASDAQ:TPG – Get Rating) last announced its quarterly earnings data 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). The firm had revenue of $282.29 million for the quarter, compared to the consensus estimate of $265.82 million. On average, equities analysts forecast that TPG will post 1.81 EPS for the current fiscal year.
TPG Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Monday, November 21st were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, November 18th. TPG's dividend payout ratio (DPR) is currently 1,300.16%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TPG. Capital International Investors acquired a new position in shares of TPG in the first quarter valued at $114,248,000. Capital Research Global Investors bought a new position in shares of TPG during the 1st quarter worth about $114,229,000. Vanguard Group Inc. acquired a new stake in shares of TPG during the 1st quarter valued at about $89,216,000. Pendal Group Ltd bought a new stake in TPG in the third quarter valued at about $78,679,000. Finally, Goldman Sachs Group Inc. acquired a new position in TPG in the first quarter worth about $30,620,000. Institutional investors own 12.94% of the company's stock.
About TPG
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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.
Further Reading
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