TPG (NASDAQ:TPG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of TPG (NASDAQ:TPG) from a sell rating to a hold rating in a research report report published on Sunday.

A number of other brokerages have also commented on TPG. Barclays raised their price target on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a report on Monday, May 4th. UBS Group raised their target price on shares of TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods upgraded shares of TPG to a “moderate buy” rating in a research report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.00.

TPG Price Performance

Shares of NASDAQ:TPG opened at $42.83 on Friday. The stock’s 50-day moving average is $41.92 and its 200 day moving average is $45.90. The company has a market cap of $16.46 billion, a PE ratio of 194.69, a P/E/G ratio of 0.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. TPG has a 1 year low of $36.95 and a 1 year high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Sell-side analysts anticipate that TPG will post 2.83 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.5%. TPG’s dividend payout ratio (DPR) is currently 1,072.73%.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC bought a new stake in TPG during the fourth quarter worth about $13,630,000. Private Wealth Partners LLC increased its stake in shares of TPG by 95.7% during the fourth quarter. Private Wealth Partners LLC now owns 222,900 shares of the company’s stock valued at $14,230,000 after purchasing an additional 109,020 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TPG by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after purchasing an additional 314,295 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of TPG during the third quarter valued at approximately $3,221,000. Finally, Frank Rimerman Advisors LLC boosted its position in shares of TPG by 173.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 42,533 shares of the company’s stock worth $1,723,000 after purchasing an additional 26,998 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.