TPG (NASDAQ:TPG) Stock Price Down 9.2% – Time to Sell?

TPG Inc. (NASDAQ:TPG)’s share price fell 9.2% during mid-day trading on Thursday . The stock traded as low as $43.39 and last traded at $43.5270. 794,926 shares were traded during trading, a decline of 75% from the average session volume of 3,182,066 shares. The stock had previously closed at $47.94.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TPG shares. Evercore set a $56.00 price target on shares of TPG in a research note on Friday, February 6th. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating and set a $80.00 target price on shares of TPG in a research report on Tuesday, January 6th. Citigroup upgraded shares of TPG to an “outperform” rating in a report on Monday, February 9th. Finally, Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.93.

TPG Stock Down 9.3%

The company’s 50 day simple moving average is $61.49 and its 200-day simple moving average is $59.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $16.44 billion, a PE ratio of 99.01, a PEG ratio of 0.69 and a beta of 1.50.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.96%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued a dividend of $0.61 per share. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Thursday, February 19th. TPG’s dividend payout ratio is currently 409.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in TPG by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock worth $810,827,000 after purchasing an additional 314,295 shares in the last quarter. Capital International Investors raised its holdings in TPG by 0.4% in the fourth quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock worth $749,142,000 after buying an additional 52,213 shares during the last quarter. Darlington Partners Capital Management LP bought a new position in shares of TPG in the second quarter worth approximately $258,581,000. Millennium Management LLC lifted its stake in shares of TPG by 66.9% in the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock worth $292,689,000 after buying an additional 1,837,799 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TPG by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 4,058,146 shares of the company’s stock valued at $259,102,000 after buying an additional 216,359 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.