TPG (NASDAQ:TPG) Upgraded by UBS Group to “Strong-Buy” Rating

UBS Group upgraded shares of TPG (NASDAQ:TPG) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Several other brokerages have also issued reports on TPG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research note on Monday. TD Cowen boosted their price objective on TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Zacks Research downgraded shares of TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. BMO Capital Markets initiated coverage on shares of TPG in a research report on Friday, October 3rd. They set an “outperform” rating and a $65.00 price target for the company. Finally, Bank of America boosted their price target on shares of TPG from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.92.

TPG Price Performance

Shares of TPG stock opened at $66.90 on Thursday. TPG has a 1 year low of $37.52 and a 1 year high of $70.11. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $57.66 and its 200-day moving average is $56.94. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 743.33, a PEG ratio of 1.26 and a beta of 1.51.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a return on equity of 25.79% and a net margin of 2.83%.The company had revenue of $509.40 million during the quarter, compared to the consensus estimate of $510.32 million. During the same quarter last year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, November 14th. TPG’s dividend payout ratio (DPR) is presently 2,000.00%.

Institutional Investors Weigh In On TPG

Large investors have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of TPG during the 2nd quarter valued at about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares during the period. GAMMA Investing LLC lifted its stake in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after buying an additional 338 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in TPG in the third quarter valued at approximately $51,000. 94.03% of the stock is currently owned by institutional investors.

TPG Company Profile

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.