2 weeks Ago By ABMN Staff
TPG Inc. ( NASDAQ:TPG – Get Free Report ) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company.
The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.25. TPG has been the topic of several research reports.
Wells Fargo & Company initiated coverage on TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 target price on the stock.
JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.
00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on TPG from $53.00 to $60.
00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, TD Cowen reduced their price target on TPG from $44.00 to $42.
00 and set a “hold” rating on the stock in a research report on Monday, July 8th. View Our Latest Report on TPG TPG Price Performance TPG ( NASDAQ:TPG – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.
49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06.
The firm had revenue of $744.19 million for the quarter, compared to the consensus estimate 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. On average, analysts predict that TPG will post 2.
01 EPS for the current year. TPG Increases Dividend The firm also recently announced 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 was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.
41. This represents a $1.68 annualized dividend and a yield of 2.
90%. TPG’s dividend payout ratio is presently -1,199.91%.
Insiders Place Their Bets In other news, Director Deborah M. Messemer sold 4,089 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 17,536 shares in the company, valued at approximately $816,300.
80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Corporate insiders own 76.
48% of the company’s stock. Institutional Inflows and Outflows Large investors have recently modified their holdings of the company. Vanguard Group Inc.
raised its position in TPG by 21.6% during the 1st quarter. Vanguard Group Inc.
now owns 7,356,280 shares of the company’s stock worth $328,826,000 after purchasing an additional 1,305,799 shares during the last quarter. Millennium Management LLC raised its position in TPG by 32.4% during the 2nd quarter.
Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Thrivent Financial for Lutherans raised its position in TPG by 902.4% during the 2nd quarter.
Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after purchasing an additional 376,848 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in TPG by 5.
8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after purchasing an additional 366,306 shares during the last quarter.
Finally, Capital International Investors raised its position in TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after purchasing an additional 336,665 shares during the last quarter.
86.79% of the stock is currently owned by institutional investors. About TPG ( Get Free Report 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. See Also Receive News & Ratings for TPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG and related companies with MarketBeat.
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