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

TPG Inc. (NASDAQ:TPG) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $65.6429.

A number of brokerages recently weighed in on TPG. Zacks Research downgraded shares of TPG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of TPG from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised shares of TPG from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $65.00 to $78.00 in a research note on Monday, October 6th. Citigroup lowered their target price on shares of TPG from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TPG in a research note on Wednesday, October 8th.

TPG Stock Performance

NASDAQ TPG opened at $55.04 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of -289.68, a P/E/G ratio of 1.00 and a beta of 1.53. The firm’s 50 day simple moving average is $58.78 and its 200 day simple moving average is $54.70. TPG has a 1 year low of $37.52 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.3%. This is an increase from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 18th. TPG’s payout ratio is presently -1,242.11%.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in TPG by 69.1% in the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock valued at $507,177,000 after purchasing an additional 4,369,618 shares in the last quarter. Vanguard Group Inc. increased its stake in TPG by 12.5% in the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company’s stock valued at $441,254,000 after purchasing an additional 1,037,225 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in TPG by 114.2% in the first quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock valued at $404,560,000 after purchasing an additional 4,548,452 shares in the last quarter. Darlington Partners Capital Management LP acquired a new position in shares of TPG during the second quarter valued at about $258,581,000. Finally, Geode Capital Management LLC grew its holdings in shares of TPG by 30.8% during the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after buying an additional 831,865 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.