TPG (NASDAQ:TPG) Hits New 52-Week High – Here’s Why

TPG Inc. (NASDAQ:TPG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $70.38 and last traded at $69.8310, with a volume of 636588 shares changing hands. The stock had previously closed at $67.65.

TPG News Summary

Here are the key news stories impacting TPG this week:

• Positive Sentiment: TPG struck a long‑term strategic investment management partnership with Jackson Financial that commits TPG to manage a minimum of $12 billion of Jackson’s assets with economic incentives tied to a long‑term $20 billion target — expanding TPG’s private‑credit scale and creating predictable fee income. Jackson Financial Inc. and TPG Inc. Announce Long-Term Strategic Partnership TPG Strikes Deal With Jackson Financial to Manage $12 Billion
• Positive Sentiment: TPG made a minority investment in food‑industry software firm Trustwell — a smaller strategic deployment that signals continued platform expansion into software and services that can generate recurring fees and cross‑sell opportunities. TPG invests in food industry software firm Trustwell
• Neutral Sentiment: Reports say TPG is in talks (and reportedly closing in) to buy UnitedHealth/Optum’s UK unit that supplies GP patient‑record systems for a deal reported at £1bn‑plus. If completed, the acquisition would add scale in UK health‑IT and recurring revenues, but the situation remains unconfirmed and subject to negotiation and regulatory review. TPG closes in on £1bn-plus deal for GP patient records system supplier TPG in talks to buy UnitedHealth’s Optum UK unit, Sky News reports

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on TPG from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. BMO Capital Markets started coverage on TPG in a research note on Friday, October 3rd. They issued an “outperform” rating and a $65.00 price target for the company. Zacks Research downgraded TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 price objective on shares of TPG in a report on Tuesday. Finally, Bank of America boosted their target price on TPG from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, TPG currently has an average rating of “Moderate Buy” and an average price target of $67.58.

TPG Trading Up 3.6%

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $26.49 billion, a PE ratio of 778.78, a P/E/G ratio of 0.97 and a beta of 1.51. The stock has a 50 day moving average price of $60.43 and a 200-day moving average price of $58.84.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $509.40 million during the quarter, compared to the consensus estimate of $510.32 million. TPG had a net margin of 2.83% and a return on equity of 25.79%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, November 14th. TPG’s dividend payout ratio is 2,000.00%.

Institutional Trading of TPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after acquiring an additional 465 shares during the last quarter. Royal Bank of Canada raised its stake in shares of TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after buying an additional 3,659 shares during the period. Petrus Trust Company LTA purchased a new position in shares of TPG during the 1st quarter valued at about $205,000. Goldman Sachs Group Inc. grew its stake in shares of TPG by 4,109.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after acquiring an additional 557,438 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in TPG by 156.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after acquiring an additional 294,941 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.