Analysts Set TPG Inc. (NASDAQ:TPG) Price Target at $63.00

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $63.00.

TPG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley boosted their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group raised their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI boosted their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, BMO Capital Markets raised their price objective on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th.

Institutional Investors Weigh In On TPG

Several large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new stake in TPG during the 4th quarter valued at $33,000. Signaturefd LLC raised its stake in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after acquiring an additional 188 shares during the period. Covestor Ltd lifted its holdings in shares of TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares during the last quarter. KBC Group NV boosted its stake in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the period. Finally, Quarry LP grew its holdings in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Trading Down 4.1 %

NASDAQ:TPG opened at $62.40 on Monday. The company has a market cap of $22.77 billion, a PE ratio of -183.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $66.64 and a two-hundred day simple moving average of $57.26. TPG has a 12 month low of $38.20 and a 12 month high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Research analysts forecast that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s payout ratio is currently -447.06%.

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.