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

Shares of TPG Inc. (NASDAQ:TPG) have received an average rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $66.80.

A number of equities analysts recently weighed in on TPG shares. Royal Bank Of Canada restated an “outperform” rating on shares of TPG in a research report on Wednesday. Morgan Stanley set a $67.00 price target on TPG in a report on Tuesday, January 27th. Citigroup raised TPG to an “outperform” rating in a report on Monday, February 9th. Barclays cut their target price on shares of TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th.

TPG Stock Performance

NASDAQ TPG opened at $43.07 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. TPG has a twelve month low of $37.52 and a twelve month high of $70.38. The business has a 50-day moving average price of $56.28 and a 200-day moving average price of $58.35. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 97.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55.

TPG (NASDAQ:TPG) last issued its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. During the same quarter last year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, equities research analysts predict that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.7%. TPG’s payout ratio is presently 554.55%.

Hedge Funds Weigh In On TPG

Several hedge funds have recently added to or reduced their stakes in TPG. CWM LLC lifted its stake in TPG by 19.5% in the third quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in TPG by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after acquiring an additional 234 shares during the period. Lazard Asset Management LLC lifted its position in shares of TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after purchasing an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of TPG by 2.5% during the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after purchasing an additional 253 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TPG by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after purchasing an additional 273 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

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.