TPG (NASDAQ:TPG) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of TPG (NASDAQ:TPG) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

TPG has been the topic of a number of other reports. UBS Group lifted their target price on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Morgan Stanley dropped their target price on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays raised their price target on shares of 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 target on shares of TPG in a report on Monday, May 4th. Finally, BMO Capital Markets dropped their price objective on TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.00.

TPG Stock Performance

TPG stock opened at $41.79 on Monday. The firm has a market cap of $16.06 billion, a PE ratio of 189.96, a P/E/G ratio of 0.79 and a beta of 1.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $41.92 and a 200-day moving average of $46.24. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $608.07 million. During the same period last year, the company posted $0.48 earnings per share. TPG’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that TPG will post 2.85 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 5.6%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in TPG by 410.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 401,268 shares of the company’s stock worth $16,271,000 after purchasing an additional 322,701 shares in the last quarter. CX Institutional grew its holdings in TPG by 481.4% during the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after buying an additional 544 shares in the last quarter. Parallel Advisors LLC increased its position in shares of TPG by 15.5% during the first quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock valued at $85,000 after buying an additional 281 shares during the period. NewEdge Advisors LLC increased its position in shares of TPG by 11.9% during the first quarter. NewEdge Advisors LLC now owns 5,201 shares of the company’s stock valued at $211,000 after buying an additional 555 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of TPG by 40.9% in the first quarter. Janus Henderson Group PLC now owns 84,112 shares of the company’s stock worth $3,407,000 after buying an additional 24,411 shares in the last quarter. 94.03% of the stock is currently owned by 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.