TPG Inc. (NASDAQ:TPG) Receives $34.00 Average PT from Brokerages

Shares of TPG Inc. (NASDAQ:TPGGet Rating) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $34.00.

Several research firms have issued reports on TPG. Zacks Investment Research upgraded TPG from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, April 12th. BMO Capital Markets upped their price objective on TPG from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, March 29th. Morgan Stanley dropped their price objective on TPG from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 20th. Wells Fargo & Company dropped their price objective on TPG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 19th. Finally, Citigroup lowered their target price on TPG from $32.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th.

TPG traded up $1.54 on Friday, hitting $27.67. 582,932 shares of the company were exchanged, compared to its average volume of 480,991. TPG has a 12 month low of $24.78 and a 12 month high of $35.40. The company has a fifty day moving average price of $28.10.

TPG (NASDAQ:TPGGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. On average, equities research analysts anticipate that TPG will post 1.62 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 19th.

A number of large investors have recently modified their holdings of TPG. Citigroup Inc. acquired a new stake in TPG during the first quarter worth approximately $33,000. Bristlecone Advisors LLC acquired a new stake in shares of TPG in the 1st quarter valued at $240,000. Oppenheimer & Co. Inc. acquired a new stake in shares of TPG in the 1st quarter valued at $402,000. PNC Financial Services Group Inc. acquired a new stake in shares of TPG in the 1st quarter valued at $449,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TPG in the 1st quarter valued at $474,000. 3.75% of the stock is currently owned by institutional investors and hedge funds.

About TPG (Get Rating)

TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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Analyst Recommendations for TPG (NASDAQ:TPG)

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