TPG Inc. (NASDAQ:TPG) Receives $66.80 Consensus PT from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus rating of “Moderate Buy” by the seventeen research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $66.80.

TPG has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of TPG in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Evercore set a $56.00 price target on TPG in a research note on Friday, February 6th. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Monday, February 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th.

TPG Stock Performance

Shares of TPG opened at $40.68 on Friday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 92.46, a PEG ratio of 0.62 and a beta of 1.55. TPG has a 12 month low of $37.52 and a 12 month high of $70.38. The firm has a fifty day simple moving average of $54.94 and a 200 day simple moving average of $57.95. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

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

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.0%. This is an increase from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is currently 554.55%.

Institutional Trading of TPG

A number of large investors have recently added to or reduced their stakes in TPG. International Assets Investment Management LLC acquired a new position in shares of TPG during the 4th quarter worth about $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares during the period. Finally, Optiver Holding B.V. bought a new position in TPG during the third quarter worth about $51,000. Institutional investors and hedge funds 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 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.