TPG (NASDAQ:TPG) Given “Market Perform” Rating at JMP Securities

JMP Securities reissued their market perform rating on shares of TPG (NASDAQ:TPG) in a research report sent to investors on Thursday morning,Benzinga reports.

Several other research firms also recently commented on TPG. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted 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. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, TPG has a consensus rating of “Hold” and an average target price of $63.08.

TPG Stock Performance

TPG opened at $58.49 on Thursday. The stock has a fifty day moving average price of $65.27 and a 200 day moving average price of $60.90. 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 has a 1 year low of $39.18 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.69% and a return on equity of 23.45%. As a group, equities analysts expect that TPG will post 1.95 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is currently -447.05%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of TPG by 25.0% in the 2nd quarter. Creative Planning now owns 6,933 shares of the company’s stock valued at $287,000 after purchasing an additional 1,388 shares during the period. Ritholtz Wealth Management bought a new stake in TPG in the third quarter valued at $222,000. Border to Coast Pensions Partnership Ltd bought a new stake in TPG in the third quarter valued at $4,304,000. Signaturefd LLC raised its stake in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in TPG by 5,656.0% during the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock worth $1,988,000 after buying an additional 33,936 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

About TPG

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.