TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Moderate Buy” by Analysts

TPG Inc. (NASDAQ:TPG) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $69.5833.

A number of brokerages have weighed in on TPG. Cowen reiterated a “hold” rating on shares of TPG in a research note on Wednesday. UBS Group lifted their price objective on TPG from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $80.00 price objective on shares of TPG in a research report on Tuesday, January 6th. TD Cowen raised their target price on TPG from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of TPG in a research note on Wednesday, January 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of TPG during the 4th quarter valued at $286,000. Wedmont Private Capital bought a new position in TPG in the 4th quarter worth $284,000. GAMMA Investing LLC lifted its position in TPG by 32.0% during the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $82,000 after purchasing an additional 312 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in TPG during the third quarter valued at $3,221,000. Finally, Hudson Bay Capital Management LP bought a new stake in TPG during the third quarter valued at about $2,059,000. 94.03% of the stock is currently owned by institutional investors.

TPG Price Performance

NASDAQ TPG opened at $67.27 on Friday. TPG has a one year low of $37.52 and a one year high of $70.38. The stock has a 50-day moving average of $62.30 and a 200 day moving average of $59.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 747.44, a PEG ratio of 0.98 and a beta of 1.51.

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

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, November 14th. TPG’s payout ratio is 2,000.00%.

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.