TPG Inc. (NASDAQ:TPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.00.

Several equities analysts have recently issued reports on the stock. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of TPG in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Evercore set a $56.00 price objective on shares of TPG in a research note on Friday, February 6th. TD Cowen reissued a “hold” rating on shares of TPG in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th.

Hedge Funds Weigh In On TPG

A number of institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of TPG in the second quarter worth $37,000. International Assets Investment Management LLC purchased a new stake in TPG in the fourth quarter valued at $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after buying an additional 649 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Performance

Shares of TPG opened at $49.53 on Tuesday. 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 firm has a market cap of $18.73 billion, a PE ratio of 112.57, a P/E/G ratio of 0.73 and a beta of 1.50. TPG has a 12 month low of $37.52 and a 12 month high of $70.38. The stock has a fifty day moving average price of $62.25 and a 200-day moving average price of $59.93.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. TPG had a return on equity of 26.96% and a net margin of 3.95%.The company had revenue of $628.48 million for the quarter, compared to analyst estimates of $548.40 million. During the same period in the prior year, the company posted $0.62 EPS. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. Equities research analysts predict that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be paid a $0.61 dividend. The ex-dividend date is 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 4.9%. TPG’s dividend payout ratio (DPR) is 409.09%.

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.