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

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $61.75.

Several analysts have recently commented on TPG shares. Barclays raised their target price 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. Citigroup upgraded shares of TPG to an “outperform” rating in a research note on Monday, February 9th. TD Cowen reduced their price objective on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Weiss Ratings cut shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Evercore set a $47.00 price objective on shares of TPG in a research note on Tuesday, April 21st.

Institutional Trading of TPG

Several hedge funds and other institutional investors have recently made changes to their positions in TPG. Darlington Partners Capital Management LP acquired a new stake in shares of TPG in the second quarter valued at about $258,581,000. Millennium Management LLC lifted its stake in shares of TPG by 66.9% in the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after purchasing an additional 1,837,799 shares during the period. Norges Bank acquired a new stake in shares of TPG in the fourth quarter valued at about $106,755,000. Bank of America Corp DE lifted its stake in shares of TPG by 72.7% in the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after purchasing an additional 1,501,808 shares during the period. Finally, Temasek Holdings Private Ltd lifted its stake in shares of TPG by 14.1% in the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after purchasing an additional 1,236,526 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Down 0.1%

Shares of NASDAQ:TPG opened at $41.61 on Thursday. The stock has a market cap of $15.99 billion, a P/E ratio of 189.14, a P/E/G ratio of 0.75 and a beta of 1.47. The firm has a fifty day moving average price of $41.68 and a 200 day moving average price of $51.65. 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 issued its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. TPG’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. Sell-side analysts predict that TPG will post 2.86 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.59 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.36 annualized dividend and a dividend yield of 5.7%. TPG’s dividend payout ratio (DPR) is 1,072.73%.

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.