TPG Inc. (NASDAQ:TPG) Stock Has Average Target Price of $63.33 According to Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average rating of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.33.

A number of brokerages have issued reports on TPG. Morgan Stanley decreased their target price on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Citigroup reaffirmed an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. TD Cowen upgraded TPG from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, August 6th. Citizens Jmp reduced their price objective on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Finally, Evercore set a $50.00 target price on TPG in a research note on Wednesday, August 5th.

TPG Stock Performance

NASDAQ:TPG opened at $44.39 on Wednesday. The stock has a market cap of $17.06 billion, a PE ratio of 67.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50-day moving average is $48.53 and its two-hundred day moving average is $44.12.

TPG (NASDAQ:TPG) last posted its quarterly 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 net margin of 4.67% and a return on equity of 28.10%. The business had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. As a group, equities research analysts forecast that TPG will post 2.88 earnings per share for the current fiscal year.

TPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.3%. TPG’s dividend payout ratio (DPR) is 357.58%.

Institutional Investors Weigh In On TPG

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in TPG by 38.1% in the second quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock worth $446,840,000 after purchasing an additional 3,041,560 shares in the last quarter. Jackson Brooke LLC acquired a new position in TPG during the second quarter worth $92,395,080. Junto Capital Management LP bought a new position in TPG during the second quarter valued at about $82,794,000. Millennium Management LLC raised its holdings in TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after buying an additional 1,837,799 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of TPG in the fourth quarter worth about $106,755,000. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit and market solutions. The company manages investment funds and strategies for institutional investors, family offices, sovereign wealth funds, and other clients.

Through its various investment platforms, TPG provides capital to companies at different stages of development and across multiple industries. Its activities include acquiring and supporting established businesses, investing in high-growth companies, financing real estate and credit opportunities, and pursuing investments intended to generate both financial and social or environmental impact.

TPG was founded in 1992 by David Bonderman and James Coulter.