TPG Inc. (NASDAQ:TPG) Stock Has Consensus Target Price of $63.33

Shares of TPG Inc. (NASDAQ:TPG) have been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $63.33.

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. Barclays boosted their price target on TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Morgan Stanley cut their price target on TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Evercore set a $50.00 price objective on TPG in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on TPG from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On TPG

A number of hedge funds have recently bought and sold shares of TPG. Public Employees Retirement System of Ohio purchased a new position in TPG in the 2nd quarter worth approximately $1,720,000. Junto Capital Management LP purchased a new stake in TPG during the 2nd quarter valued at $82,794,000. Jackson Brooke LLC bought a new stake in shares of TPG in the 2nd quarter worth $92,395,080. Engineers Gate Manager LP increased its holdings in shares of TPG by 147.4% in the 2nd quarter. Engineers Gate Manager LP now owns 342,327 shares of the company’s stock worth $13,881,000 after purchasing an additional 203,956 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TPG in the first quarter worth $6,421,000. Institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $43.50 on Wednesday. The company’s fifty day moving average price is $48.55 and its 200-day moving average price is $44.15. The stock has a market cap of $16.72 billion, a PE ratio of 65.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.47. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG has a 12 month low of $36.95 and a 12 month high of $70.38.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. During the same period last year, the business earned $0.69 EPS. TPG’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, equities analysts expect that TPG will post 2.88 EPS for the current fiscal year.

TPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 5.4%. TPG’s dividend payout ratio (DPR) is presently 357.58%.

About TPG

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.