TPG Inc. (NASDAQ:TPG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $63.00.

TPG has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Morgan Stanley upped their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. TD Cowen cut their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares in the company, 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 available through this link. Insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TPG. Signaturefd LLC grew its position in TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the last quarter. KBC Group NV grew its holdings in shares of TPG by 25.1% during the third 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 last quarter. ORG Wealth Partners LLC acquired a new position in shares of TPG in the fourth quarter valued at approximately $33,000. Ritholtz Wealth Management raised its holdings in TPG by 21.6% in the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock valued at $295,000 after buying an additional 833 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Down 2.2 %

TPG stock opened at $64.03 on Friday. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm has a market capitalization of $23.37 billion, a PE ratio of -188.32, a P/E/G ratio of 0.93 and a beta of 1.49. The company’s 50-day moving average is $66.36 and its 200-day moving average is $60.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. Sell-side analysts anticipate that TPG will post 1.95 earnings per share for the current year.

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.