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

TPG Inc. (NASDAQ:TPG) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $65.6667.

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research report on Friday. Morgan Stanley set a $67.00 price target on shares of TPG in a research report on Tuesday, January 27th. TD Cowen reaffirmed a “hold” rating on shares of TPG in a report on Wednesday, January 14th. Wolfe Research reissued an “outperform” rating and set a $80.00 target price on shares of TPG in a research note on Wednesday, January 7th. Finally, Evercore set a $56.00 price target on shares of TPG in a research note on Friday, February 6th.

TPG Trading Up 2.0%

NASDAQ TPG opened at $40.51 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. TPG has a one year low of $37.52 and a one year high of $70.38. The company has a 50-day simple moving average of $47.62 and a 200-day simple moving average of $55.97. The firm has a market capitalization of $15.56 billion, a PE ratio of 92.07, a price-to-earnings-growth ratio of 0.58 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, topping analysts’ consensus estimates of $0.65 by $0.20. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. TPG’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. On average, equities analysts forecast that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were issued a $0.61 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a yield of 6.0%. TPG’s dividend payout ratio is currently 554.55%.

Institutional Trading of TPG

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in TPG during the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of TPG during the third quarter valued at about $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.