TPG Inc. (NASDAQ:TPG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TPG Inc. (NASDAQ:TPG) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $69.00.

A number of research analysts have recently commented on TPG shares. JPMorgan Chase & Co. lowered their target price on TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Evercore ISI set a $56.00 price objective on shares of TPG in a research note on Friday. TD Cowen restated a “hold” rating on shares of TPG in a report on Wednesday, January 14th. Evercore set a $56.00 price objective on shares of TPG in a research note on Friday. Finally, Barclays set a $69.00 target price on shares of TPG in a research note on Friday.

Institutional Investors Weigh In On TPG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its stake in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after acquiring an additional 465 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of TPG by 86.3% during the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after purchasing an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TPG by 156.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after purchasing an additional 294,941 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in TPG by 17.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,475 shares of the company’s stock worth $340,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Down 0.1%

Shares of TPG stock opened at $54.96 on Tuesday. TPG has a twelve month low of $37.52 and a twelve month high of $70.38. 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 business has a 50-day moving average price of $63.31 and a 200-day moving average price of $60.21. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 124.91, a PEG ratio of 0.83 and a beta of 1.50.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, February 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $628.48 million for the quarter, compared to the consensus estimate of $548.40 million. TPG had a return on equity of 26.96% and a net margin of 3.95%.The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. Equities research analysts anticipate that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be issued a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, February 19th. TPG’s dividend payout ratio is presently 409.09%.

About TPG

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.