TPG Inc. (NASDAQ:TPG) Stock Has Average Price Target of $61.07 According to Analysts

Shares of TPG Inc. (NASDAQ:TPG) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $61.07.

Several brokerages recently commented on TPG. Wells Fargo & Company began coverage on TPG in a research note on Friday, October 2nd. They set an “equal weight” rating and a $47.00 price objective on the stock. UBS Group boosted their target price on TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. Weiss Ratings downgraded TPG from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.

TPG Stock Up 3.0%

Shares of NASDAQ:TPG opened at $44.38 on Friday. 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 company has a market capitalization of $17.06 billion, a PE ratio of 67.24, a PEG ratio of 0.77 and a beta of 1.49. The company has a 50 day moving average price of $48.13 and a two-hundred day moving average price of $44.57.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Analysts forecast that TPG will post 2.78 earnings per share for the current year.

TPG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 5.3%. TPG’s payout ratio is currently 357.58%.

Institutional Trading of TPG

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of TPG by 38.1% in the second quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock valued at $446,840,000 after acquiring an additional 3,041,560 shares during the last quarter. Jackson Brooke LLC bought a new stake in TPG during the second quarter worth about $92,395,080. Junto Capital Management LP acquired a new position in TPG during the second quarter valued at approximately $82,794,000. Temasek Holdings Private Ltd boosted its position in TPG by 14.1% during the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after purchasing an additional 1,236,526 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in TPG during the second quarter valued at approximately $28,013,000. 94.03% of the stock is owned by institutional investors.

TPG Company Profile

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.