TPG (NASDAQ:TPG) Sets New 52-Week Low – What’s Next?

TPG Inc. (NASDAQ:TPG) shares reached a new 52-week low during trading on Thursday . The company traded as low as $37.40 and last traded at $37.4090, with a volume of 186337 shares trading hands. The stock had previously closed at $38.95.

Analyst Upgrades and Downgrades

TPG has been the subject of several research analyst reports. Evercore set a $56.00 price target on TPG in a research note on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research report on Friday, March 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of TPG in a research note on Tuesday, January 6th. Finally, Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

TPG Trading Down 2.2%

The firm’s 50 day moving average is $47.13 and its 200 day moving average is $55.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $14.63 billion, a PE ratio of 86.24, a P/E/G ratio of 0.59 and a beta of 1.54.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.20. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. As a group, equities analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.61 per share. This is an increase from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Thursday, February 19th. TPG’s dividend payout ratio (DPR) is currently 554.55%.

Institutional Investors Weigh In On TPG

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC increased its stake in shares of TPG by 19.5% during the third quarter. CWM LLC now owns 1,227 shares of the company’s stock valued at $70,000 after buying an additional 200 shares during the period. Osaic Holdings Inc. lifted its stake in TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after acquiring an additional 234 shares during the period. Lazard Asset Management LLC boosted its holdings in TPG by 3.1% in the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after acquiring an additional 238 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in TPG by 2.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after acquiring an additional 253 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TPG by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.