TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $66.6667.

TPG has been the subject of a number of recent research reports. TD Cowen lifted their price objective on shares of TPG from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. UBS Group initiated coverage on TPG in a report on Thursday, December 11th. They issued a “buy” rating and a $82.00 price target for the company. BMO Capital Markets began coverage on TPG in a research report on Friday, October 3rd. They issued an “outperform” rating and a $65.00 price target for the company. Citigroup dropped their price objective on TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Morgan Stanley raised their target price on TPG from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st.

TPG Price Performance

NASDAQ TPG opened at $64.64 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $24.44 billion, a PE ratio of 718.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51. TPG has a 52 week low of $37.52 and a 52 week high of $70.11. The firm’s 50-day simple moving average is $58.47 and its two-hundred day simple moving average is $57.67.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million during the quarter, compared to analysts’ expectations of $510.32 million. TPG had a return on equity of 25.79% and a net margin of 2.83%.TPG’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 14th. TPG’s dividend payout ratio (DPR) is 2,000.00%.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently bought and sold shares of TPG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in TPG in the 2nd quarter valued at $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares during the period. PNC Financial Services Group Inc. raised its position in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares in the last quarter. GAMMA Investing LLC raised its position in shares of TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after buying an additional 338 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in TPG during the third quarter valued at $51,000. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.