Brokerages Set TPG Inc. (NASDAQ:TPG) PT at $63.33

TPG Inc. (NASDAQ:TPG) has earned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $63.3333.

TPG has been the subject of several analyst reports. TD Cowen upgraded TPG from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, August 6th. Keefe, Bruyette & Woods upped their target price on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley reduced their price target on TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price target on shares of TPG in a research note on Wednesday, August 5th. Finally, UBS Group boosted their price target on TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th.

TPG Stock Performance

Shares of TPG opened at $54.12 on Friday. TPG has a 12 month low of $36.95 and a 12 month high of $70.38. The firm has a fifty day simple moving average of $46.00 and a 200 day simple moving average of $43.75. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 82.00, a PEG ratio of 0.90 and a beta of 1.44. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. Research analysts forecast that TPG will post 2.88 EPS for the current fiscal year.

TPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 4.4%. TPG’s dividend payout ratio (DPR) is currently 357.58%.

Hedge Funds Weigh In On TPG

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of TPG by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock worth $810,827,000 after purchasing an additional 314,295 shares during the last quarter. Capital International Investors lifted its stake in TPG by 0.4% in the 4th quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock valued at $749,142,000 after purchasing an additional 52,213 shares during the last quarter. Wellington Management Group LLP grew its holdings in TPG by 38.1% during the second quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock worth $446,840,000 after purchasing an additional 3,041,560 shares during the period. Temasek Holdings Private Ltd increased its position in TPG by 14.1% during the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock worth $406,239,000 after buying an additional 1,236,526 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in TPG by 3,931.2% during the second quarter. California State Teachers Retirement System now owns 6,481,836 shares of the company’s stock worth $262,838,000 after buying an additional 6,321,046 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.