TPG (NASDAQ:TPG) Sets New 1-Year Low – Time to Sell?

TPG Inc. (NASDAQ:TPG)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.40 and last traded at $37.4090, with a volume of 186337 shares changing hands. The stock had previously closed at $38.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. UBS Group dropped their price target on shares of TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Monday, February 9th. Evercore set a $56.00 target price on shares of TPG in a report on Friday, February 6th. Finally, Wolfe Research restated an “outperform” rating and set a $80.00 target price on shares of TPG in a research report on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.67.

TPG Trading Down 2.2%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $14.63 billion, a P/E ratio of 86.24, a PEG ratio of 0.59 and a beta of 1.54. The firm’s fifty day moving average price is $47.13 and its two-hundred day moving average price is $55.86.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $548.40 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. As a group, equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a dividend yield of 6.4%. TPG’s payout ratio is presently 554.55%.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its stake in TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after buying an additional 465 shares in the last quarter. Royal Bank of Canada raised its position in shares of TPG by 86.3% during the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after buying an additional 3,659 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 buying an additional 557,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of TPG by 156.3% during 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 during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of TPG during the 2nd quarter worth $216,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.