TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of “Moderate Buy” from Brokerages

TPG Inc. (NASDAQ:TPG) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $69.5833.

Several brokerages have issued reports on TPG. Zacks Research cut TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. TD Cowen increased their price objective on shares of TPG from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Citigroup cut their target price on shares of TPG from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $80.00 price target on shares of TPG in a research note on Tuesday, January 6th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TPG. Public Employees Retirement System of Ohio lifted its holdings in TPG by 52.2% during the second quarter. Public Employees Retirement System of Ohio now owns 40,825 shares of the company’s stock valued at $2,141,000 after purchasing an additional 13,998 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of TPG by 84.9% in the third quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock worth $8,179,000 after purchasing an additional 65,387 shares in the last quarter. Cerity Partners LLC raised its position in shares of TPG by 195.1% during the 3rd quarter. Cerity Partners LLC now owns 206,266 shares of the company’s stock valued at $11,850,000 after purchasing an additional 136,374 shares during the period. Boston Partners bought a new stake in shares of TPG during the 2nd quarter valued at $8,461,000. Finally, New York State Common Retirement Fund raised its position in shares of TPG by 42.1% during the 2nd quarter. New York State Common Retirement Fund now owns 69,162 shares of the company’s stock valued at $3,628,000 after purchasing an additional 20,500 shares during the period. Institutional investors own 94.03% of the company’s stock.

TPG Trading Down 6.4%

NASDAQ:TPG opened at $62.84 on Friday. The company has a market cap of $23.76 billion, a PE ratio of 698.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $62.90 and a two-hundred day simple moving average of $59.91. TPG has a 12 month low of $37.52 and a 12 month high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a return on equity of 25.79% and a net margin of 2.83%.The firm had revenue of $509.40 million during the quarter, compared to analysts’ expectations of $510.32 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts forecast that TPG will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, November 14th. TPG’s payout ratio is currently 2,000.00%.

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.