TPG (NASDAQ:TPG) Hits New 12-Month Low – Time to Sell?

TPG Inc. (NASDAQ:TPG) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $37.40 and last traded at $37.4090, with a volume of 186337 shares trading hands. The stock had previously closed at $38.95.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a report on Friday, March 27th. BMO Capital Markets decreased their price target on shares of TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. UBS Group dropped their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Evercore set a $56.00 price objective on TPG in a research report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, TPG currently has an average rating of “Moderate Buy” and an average price target of $65.67.

TPG Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $14.79 billion, a P/E ratio of 87.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.54. The firm’s 50 day moving average is $46.16 and its 200 day moving average is $55.58.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.20. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. TPG’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. TPG’s dividend payout ratio (DPR) is currently 554.55%.

Institutional Investors Weigh In On TPG

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its stake in TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares during the last quarter. Royal Bank of Canada increased its stake in shares of TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after acquiring an additional 3,659 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock valued at $22,941,000 after purchasing an additional 294,941 shares during the period. Finally, Cetera Investment Advisers acquired a new position in TPG in the second quarter valued at approximately $216,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.