TPG (NASDAQ:TPG) Announces Earnings Results

TPG (NASDAQ:TPG) released its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06, Briefing.com reports. The company had revenue of $512.30 million during the quarter, compared to analysts’ expectations of $452.87 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The business’s quarterly revenue was up 64.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share.

TPG Trading Down 1.4 %

NASDAQ TPG traded down $0.59 on Thursday, reaching $42.93. The company had a trading volume of 943,134 shares, compared to its average volume of 771,127. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG has a 52 week low of $24.74 and a 52 week high of $47.20. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of -1,074.75, a PEG ratio of 0.75 and a beta of 1.60. The stock’s 50 day moving average is $44.37 and its 200-day moving average is $40.38.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.64 annualized dividend and a dividend yield of 3.82%. TPG’s dividend payout ratio is currently -4,400.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $42.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a research note on Monday, April 1st. UBS Group raised their price target on shares of TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, TheStreet cut TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.25.

Insider Transactions at TPG

In other news, CAO Martin Davidson sold 39,317 shares of TPG stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the transaction, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Anilu Vazquez-Ubarri sold 101,937 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $4,244,656.68. Following the completion of the sale, the chief operating officer now owns 333,711 shares in the company, valued at $13,895,726.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. 78.72% of the stock is currently owned by company insiders.

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.