TPG Inc. (NASDAQ:TPG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $66.80.

A number of equities analysts have recently weighed in on the stock. Citizens Jmp raised shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Monday, February 9th. Barclays reduced their price objective on TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. TD Cowen reaffirmed a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a report on Monday, December 29th. Finally, Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of TPG in a research note on Wednesday, January 7th.

TPG Stock Performance

Shares of TPG opened at $40.50 on Friday. The company’s 50 day moving average price is $53.94 and its 200 day moving average price is $57.68. TPG has a 52 week low of $37.52 and a 52 week high of $70.38. The company has a market capitalization of $15.56 billion, a PE ratio of 92.05, a PEG ratio of 0.57 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

TPG (NASDAQ:TPG) last released its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Research analysts expect that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.61 per share. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 6.0%. TPG’s dividend payout ratio (DPR) is currently 554.55%.

Hedge Funds Weigh In On TPG

Several hedge funds have recently bought and sold shares of the business. Darlington Partners Capital Management LP acquired a new stake in shares of TPG in the second quarter valued at about $258,581,000. Millennium Management LLC lifted its position in shares of TPG by 66.9% during the 4th quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock worth $292,689,000 after purchasing an additional 1,837,799 shares during the last quarter. Norges Bank acquired a new position in shares of TPG during the 4th quarter worth about $106,755,000. Bank of America Corp DE boosted its stake in TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after purchasing an additional 1,501,808 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in TPG in the 2nd quarter valued at approximately $54,088,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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.