TPG Inc. (NASDAQ:TPG) Receives Average Rating of “Moderate Buy” from Analysts

TPG Inc. (NASDAQ:TPG) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.3333.

Several equities analysts have recently commented on TPG shares. The Goldman Sachs Group restated a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. Evercore set a $50.00 price objective on shares of TPG in a research note on Wednesday, August 5th. Citigroup restated an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. Finally, Barclays raised their target price on TPG from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CX Institutional boosted its stake in shares of TPG by 481.4% in the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares in the last quarter. International Assets Investment Management LLC acquired a new position in TPG during the 4th quarter worth approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 purchasing an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Performance

TPG opened at $49.40 on Tuesday. The firm has a market cap of $18.98 billion, a P/E ratio of 74.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. TPG has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day moving average is $42.86 and its 200-day moving average is $44.31.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Sell-side analysts expect that TPG will post 2.85 EPS for the current fiscal year.

TPG Dividend Announcement

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