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

TPG Inc. (NASDAQ:TPG) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $69.00.

TPG has been the subject of a number of research reports. UBS Group upped their target price on shares of TPG from $82.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Evercore set a $56.00 price objective on TPG in a research note on Friday. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Monday. Citigroup raised TPG to an “outperform” rating in a report on Monday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th.

TPG Stock Performance

Shares of TPG opened at $54.96 on Tuesday. The firm has a market capitalization of $20.78 billion, a P/E ratio of 124.91, a PEG ratio of 0.83 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. TPG has a one year low of $37.52 and a one year high of $70.38. The business has a fifty day moving average of $63.31 and a 200 day moving average of $60.21.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. TPG had a return on equity of 26.96% and a net margin of 3.95%.The business had revenue of $628.48 million for the quarter, compared to analysts’ expectations of $548.40 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, sell-side analysts anticipate that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. TPG’s dividend payout ratio (DPR) is 409.09%.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of TPG during the 2nd quarter valued at $37,000. International Assets Investment Management LLC purchased a new position in TPG in the 4th quarter worth approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after buying an additional 649 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 worth $45,000 after acquiring an additional 566 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other 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.