Analysts Set TPG Inc. (NASDAQ:TPG) Target Price at $61.31

Shares of TPG Inc. (NASDAQ:TPG) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.40.

A number of equities analysts recently weighed in on TPG shares. Citizens Jmp lowered their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. TD Cowen cut their price target on shares of TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $61.00 price target on shares of TPG in a report on Tuesday, May 5th. Morgan Stanley set a $60.00 target price on TPG in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a research note on Monday, May 4th.

Hedge Funds Weigh In On TPG

Hedge funds have recently added to or reduced their stakes in the stock. Fortress Investment Group LLC purchased a new position in TPG during the third quarter worth about $17,167,000. Franklin Resources Inc. increased its holdings in TPG by 18.9% during the third quarter. Franklin Resources Inc. now owns 2,672,272 shares of the company’s stock worth $153,522,000 after buying an additional 425,223 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in TPG during the third quarter worth about $2,059,000. Azora Capital LP increased its holdings in TPG by 143.7% during the third quarter. Azora Capital LP now owns 435,100 shares of the company’s stock worth $24,996,000 after buying an additional 256,555 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in TPG in the third quarter worth about $3,129,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Up 1.6%

TPG opened at $43.15 on Friday. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 196.15, a PEG ratio of 0.77 and a beta of 1.45. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The company’s 50 day moving average price is $42.01 and its two-hundred day moving average price is $47.14. 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 (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business had revenue of $557.18 million during the quarter, compared to analyst estimates of $608.07 million. During the same period last year, the company earned $0.48 EPS. TPG’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts predict that TPG will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

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

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.