TPG Inc. (NASDAQ:TPG) Receives $61.75 Consensus PT from Brokerages

TPG Inc. (NASDAQ:TPG) has been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $61.75.

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $61.00 price objective on shares of TPG in a report on Tuesday, May 5th. BMO Capital Markets dropped their price objective on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Barclays lifted their price objective on shares of TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of TPG from a “sell” rating to a “hold” rating in a report on Sunday, June 7th.

TPG Stock Performance

NASDAQ TPG opened at $42.05 on Monday. 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 0.33 and a current ratio of 0.33. The company has a market capitalization of $16.16 billion, a P/E ratio of 191.15, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a fifty day moving average of $42.62 and a 200-day moving average of $49.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same period in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that TPG will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

Hedge Funds Weigh In On TPG

A number of large investors have recently added to or reduced their stakes in TPG. International Assets Investment Management LLC purchased a new position in TPG in the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TPG by 268.7% in 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 during the period. EverSource Wealth Advisors LLC raised its position in TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares during the period. PNC Financial Services Group Inc. raised its position in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares during the period. Finally, Optiver Holding B.V. purchased a new position in TPG in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.