TPG Inc. (NASDAQ:TPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $63.3333.

Several research analysts recently commented on the stock. Barclays raised their price target on shares of TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citigroup restated an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Citizens Jmp reduced their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a report on Sunday, July 26th.

Hedge Funds Weigh In On TPG

Several institutional investors have recently made changes to their positions in the company. CX Institutional raised its holdings in shares of TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 544 shares in the last quarter. International Assets Investment Management LLC purchased a new position in TPG during the 4th quarter valued at about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of 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. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of TPG stock opened at $52.65 on Friday. The stock has a 50 day moving average price of $47.05 and a 200 day moving average price of $43.88. 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 firm has a market capitalization of $20.23 billion, a P/E ratio of 79.77, a P/E/G ratio of 0.89 and a beta of 1.47.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The company had revenue of $628.19 million for the quarter, compared to the consensus estimate of $596.79 million. During the same quarter in the prior year, the company posted $0.69 EPS. TPG’s quarterly revenue was up 23.9% on a year-over-year basis. As a group, sell-side analysts predict that TPG will post 2.88 earnings per share for the current year.

TPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, August 14th. TPG’s dividend payout ratio is currently 357.58%.

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.