TPG Inc. (TPG) – What Are Investment Firms Thinking About This Stock?

TPG Inc. (NASDAQ:TPG) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $61.07.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings lowered TPG from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 target price on shares of TPG in a research report on Wednesday, August 5th. Evercore set a $50.00 price target on TPG in a research report on Wednesday, August 5th. Finally, BMO Capital Markets lowered their price objective on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, July 13th.

TPG Price Performance

Shares of NASDAQ TPG opened at $44.64 on Friday. The firm has a market cap of $17.16 billion, a PE ratio of 67.64, a PEG ratio of 0.84 and a beta of 1.49. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a fifty day moving average price of $47.65 and a 200 day moving average price of $44.67.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%. The firm had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was up 23.9% on a year-over-year basis. Research analysts predict that TPG will post 2.78 earnings per share for the current fiscal year.

TPG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 5.3%. TPG’s dividend payout ratio is presently 357.58%.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in TPG by 10.5% during the 3rd quarter. Signaturefd LLC now owns 3,685 shares of the company’s stock worth $163,000 after buying an additional 350 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of TPG by 0.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 131,623 shares of the company’s stock worth $5,809,000 after buying an additional 351 shares during the last quarter. Private Wealth Partners LLC boosted its stake in shares of TPG by 2.5% during the 3rd quarter. Private Wealth Partners LLC now owns 159,532 shares of the company’s stock worth $7,040,000 after buying an additional 3,889 shares during the last quarter. Jackson Square Capital LLC acquired a new position in shares of TPG during the 3rd quarter worth about $487,000. Finally, Mather Group LLC. bought a new position in shares of TPG in the 3rd quarter valued at about $45,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.