TPG Inc. (NASDAQ:TPG) Receives $69.00 Average Price Target from Brokerages

TPG Inc. (NASDAQ:TPG) has earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $69.00.

Several brokerages have commented on TPG. Citigroup upgraded TPG to an “outperform” rating in a research note on Monday. UBS Group increased their price target on shares of TPG from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. TD Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. Evercore ISI set a $56.00 target price on shares of TPG in a research note on Friday, February 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price target on shares of TPG in a report on Tuesday, January 6th.

Institutional Trading of TPG

Several institutional investors and hedge funds have recently modified their holdings of TPG. Vanguard Group Inc. grew its holdings in shares of TPG by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock worth $810,827,000 after purchasing an additional 314,295 shares in the last quarter. Capital International Investors lifted its position in TPG by 0.4% during the fourth quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock valued at $749,142,000 after purchasing an additional 52,213 shares during the last quarter. Darlington Partners Capital Management LP purchased a new position in TPG in the 2nd quarter worth approximately $258,581,000. Geode Capital Management LLC increased its holdings in shares of TPG by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 4,058,146 shares of the company’s stock worth $259,102,000 after buying an additional 216,359 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after buying an additional 1,501,808 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Down 1.9%

TPG stock opened at $48.74 on Tuesday. The firm has a 50 day simple moving average of $62.74 and a 200 day simple moving average of $60.02. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. TPG has a 1-year low of $37.52 and a 1-year high of $70.38. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 110.78, a P/E/G ratio of 0.73 and a beta of 1.50.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $628.48 million for the quarter, compared to the consensus estimate of $548.40 million. TPG had a return on equity of 26.96% and a net margin of 3.95%.The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be paid a dividend of $0.61 per share. This is a positive change from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, February 19th. TPG’s dividend payout ratio is 409.09%.

About TPG

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.