TPG (NASDAQ:TPG) Upgraded to Outperform at Citizens Jmp

Citizens Jmp upgraded shares of TPG (NASDAQ:TPG) from a market perform rating to an outperform rating in a report issued on Monday, MarketBeat reports. Citizens Jmp currently has $75.00 price objective on the stock.

TPG has been the subject of several other reports. Barclays set a $69.00 price objective on TPG in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. Evercore set a $56.00 price objective on TPG in a research note on Friday. TD Cowen reiterated a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. Finally, Citigroup upgraded shares of TPG to an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.00.

TPG Stock Down 0.1%

TPG stock opened at $54.96 on Monday. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of 124.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.50. The firm’s fifty day moving average price is $63.31 and its two-hundred day moving average price is $60.21. TPG has a 1-year low of $37.52 and a 1-year high of $70.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, February 5th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. TPG had a net margin of 3.95% and a return on equity of 26.96%. The company had revenue of $628.48 million during the quarter, compared to the consensus estimate of $548.40 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities research analysts predict that TPG will post 2.52 earnings per share for the current fiscal 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 $0.61 dividend. The ex-dividend date is Thursday, February 19th. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a dividend yield of 4.4%. TPG’s dividend payout ratio is presently 409.09%.

Institutional Investors Weigh In On TPG

Several large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in TPG by 19.5% during the third quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares during the period. Osaic Holdings Inc. lifted its stake in shares of TPG by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after buying an additional 234 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in TPG by 3.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock worth $411,000 after buying an additional 238 shares during the period. Lazard Asset Management LLC grew its stake in TPG by 3.1% in the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after buying an additional 238 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. raised its holdings in TPG by 2.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after acquiring an additional 253 shares during the period. 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.