FY2022 EPS Estimates for TPG Inc. (NASDAQ:TPG) Increased by Analyst

TPG Inc. (NASDAQ:TPGGet Rating) – Stock analysts at Jefferies Financial Group increased their FY2022 earnings estimates for TPG in a research note issued to investors on Tuesday, January 10th. Jefferies Financial Group analyst G. O’hara now forecasts that the company will post earnings of $1.88 per share for the year, up from their prior forecast of $1.77. Jefferies Financial Group currently has a “Hold” rating and a $30.00 target price on the stock. The consensus estimate for TPG’s current full-year earnings is $1.82 per share. Jefferies Financial Group also issued estimates for TPG’s Q4 2022 earnings at $0.60 EPS.

Other analysts have also issued research reports about the stock. Credit Suisse Group set a $31.50 price objective on shares of TPG in a research report on Wednesday, November 23rd. BNP Paribas lowered shares of TPG from an “outperform” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research report on Friday, October 14th. BMO Capital Markets upped their price target on shares of TPG from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TPG from $43.00 to $44.00 in a research report on Wednesday. Finally, Exane BNP Paribas lowered shares of TPG from an “outperform” rating to a “neutral” rating in a research report on Friday, October 14th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.13.

TPG Stock Performance

Shares of TPG stock opened at $34.30 on Friday. The company’s fifty day simple moving average is $32.47 and its 200-day simple moving average is $30.08. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $10.60 billion and a PE ratio of 428.80. TPG has a 12 month low of $23.09 and a 12 month high of $44.43.

TPG (NASDAQ:TPGGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The firm had revenue of $282.29 million for the quarter, compared to analyst estimates of $265.82 million.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Monday, November 21st were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.03%. TPG’s dividend payout ratio (DPR) is presently 1,300.16%.

Hedge Funds Weigh In On TPG

Institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. acquired a new position in shares of TPG in the first quarter valued at about $33,000. Advanced Research Investment Solutions LLC acquired a new stake in TPG during the third quarter worth about $56,000. BNP Paribas Arbitrage SNC acquired a new stake in TPG during the third quarter worth about $61,000. Glassman Wealth Services acquired a new stake in TPG during the second quarter worth about $88,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in TPG during the third quarter worth about $102,000. 12.94% of the stock is currently owned by institutional investors and hedge funds.

About TPG

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TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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