TPG (NASDAQ:TPG) Hits New 52-Week High – Here’s Why

TPG Inc. (NASDAQ:TPG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.38 and last traded at $69.8310, with a volume of 636588 shares changing hands. The stock had previously closed at $67.65.

More TPG News

Here are the key news stories impacting TPG this week:

• Positive Sentiment: TPG struck a long‑term strategic investment management partnership with Jackson Financial that commits TPG to manage a minimum of $12 billion of Jackson’s assets with economic incentives tied to a long‑term $20 billion target — expanding TPG’s private‑credit scale and creating predictable fee income. Jackson Financial Inc. and TPG Inc. Announce Long-Term Strategic Partnership TPG Strikes Deal With Jackson Financial to Manage $12 Billion
• Positive Sentiment: TPG made a minority investment in food‑industry software firm Trustwell — a smaller strategic deployment that signals continued platform expansion into software and services that can generate recurring fees and cross‑sell opportunities. TPG invests in food industry software firm Trustwell
• Neutral Sentiment: Reports say TPG is in talks (and reportedly closing in) to buy UnitedHealth/Optum’s UK unit that supplies GP patient‑record systems for a deal reported at £1bn‑plus. If completed, the acquisition would add scale in UK health‑IT and recurring revenues, but the situation remains unconfirmed and subject to negotiation and regulatory review. TPG closes in on £1bn-plus deal for GP patient records system supplier TPG in talks to buy UnitedHealth’s Optum UK unit, Sky News reports

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $80.00 target price on shares of TPG in a research note on Tuesday. Citigroup cut their price target on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. TD Cowen upped their price objective on shares of TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

TPG Stock Up 3.6%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day moving average price is $60.43 and its two-hundred day moving average price is $58.84. The stock has a market capitalization of $26.49 billion, a PE ratio of 778.78, a P/E/G ratio of 0.97 and a beta of 1.51.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a return on equity of 25.79% and a net margin of 2.83%.The business had revenue of $509.40 million for the quarter, compared to the consensus estimate of $510.32 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 10.8% on a year-over-year basis. As a group, analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $0.45 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.6%. TPG’s dividend payout ratio is presently 2,000.00%.

Institutional Investors Weigh In On TPG

Several hedge funds have recently added to or reduced their stakes in the stock. Darlington Partners Capital Management LP bought a new position in shares of TPG during the second quarter valued at $258,581,000. Norges Bank purchased a new stake in TPG during the 2nd quarter valued at about $83,794,000. Bank of America Corp DE increased its stake in 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 purchasing an additional 1,501,808 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in TPG during the 2nd quarter valued at about $54,088,000. Finally, Geode Capital Management LLC raised its holdings in TPG by 30.8% in the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock worth $185,136,000 after buying an additional 831,865 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

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.