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

TPG Inc. (NASDAQ:TPG) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $61.75.

TPG has been the subject of several recent analyst reports. Evercore set a $47.00 price objective on shares of TPG in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of TPG from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Barclays increased their price objective on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Finally, UBS Group upped their price target on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 4th.

TPG Stock Performance

TPG stock opened at $43.01 on Monday. The firm has a 50 day simple moving average of $42.15 and a 200-day simple moving average of $50.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $16.53 billion, a PE ratio of 195.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

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

TPG Cuts Dividend

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

Institutional Investors Weigh In On TPG

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of TPG during the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after acquiring an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of TPG during the 3rd quarter worth $51,000. 94.03% of the stock is owned by institutional investors.

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.