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

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $61.3125.

Several equities analysts recently issued reports on the company. TD Cowen lowered their price objective on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research note on Monday, May 4th. Barclays upped their price target on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley set a $60.00 price objective on TPG in a research report on Tuesday, April 21st. Finally, UBS Group increased their price objective on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, May 4th.

TPG Trading Up 2.5%

Shares of NASDAQ TPG opened at $42.63 on Friday. The firm’s 50 day moving average price is $42.07 and its 200-day moving average price is $47.62. TPG has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $16.38 billion, a PE ratio of 193.78, a P/E/G ratio of 0.75 and a beta of 1.45.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that TPG will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.5%. TPG’s dividend payout ratio is currently 1,072.73%.

Institutional Trading of TPG

A number of institutional investors have recently made changes to their positions in the stock. Darlington Partners Capital Management LP bought a new stake in shares of TPG in the second quarter worth approximately $258,581,000. Millennium Management LLC lifted its position in TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after purchasing an additional 1,837,799 shares during the period. Norges Bank bought a new position in TPG during the fourth quarter valued at approximately $106,755,000. Bank of America Corp DE boosted its holdings in TPG by 72.7% in the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after purchasing an additional 1,501,808 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in TPG by 14.1% in the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock worth $406,239,000 after purchasing an additional 1,236,526 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.