TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $63.3333.

Several research analysts recently issued reports on TPG shares. BMO Capital Markets reduced their price target on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada raised their price objective on shares of TPG from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 target price on shares of TPG in a research note on Tuesday, May 5th. Morgan Stanley reduced their target price on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Finally, Citigroup reissued an “outperform” rating on shares of TPG in a research note on Thursday, July 9th.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of TPG in the 4th quarter valued at about $38,000. CX Institutional lifted its holdings in TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after buying an additional 544 shares during the period. EverSource Wealth Advisors LLC boosted its stake in TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after acquiring an additional 649 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 524 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after acquiring an additional 566 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Performance

NASDAQ TPG opened at $48.99 on Tuesday. TPG has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a quick ratio of 0.33, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The stock has a market cap of $18.83 billion, a P/E ratio of 74.23, a PEG ratio of 0.86 and a beta of 1.44. The company’s 50-day simple moving average is $42.74 and its 200 day simple moving average is $44.57.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. The business had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.TPG’s revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. As a group, research analysts forecast that TPG will post 2.85 earnings per share for the current fiscal year.

TPG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 14th. TPG’s dividend payout ratio (DPR) is presently 357.58%.

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.