TPG Inc. (NASDAQ:TPG) Receives $60.43 Consensus PT from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $63.3333.

Several research firms have issued reports on TPG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 price target on shares of TPG in a research report on Wednesday. Royal Bank Of Canada boosted their target price on TPG from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup restated an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Finally, Citizens Jmp decreased their price target on TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th.

TPG Trading Up 1.3%

Shares of TPG opened at $48.51 on Tuesday. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 73.50, a PEG ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.31. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The firm has a 50 day moving average price of $42.61 and a 200-day moving average price of $44.53.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. As a group, equities research analysts forecast that TPG will post 2.83 earnings per share for the current year.

TPG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 4.9%. TPG’s dividend payout ratio (DPR) is currently 357.58%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TPG. Comerica Bank grew its holdings in TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after acquiring an additional 465 shares during the last quarter. Royal Bank of Canada raised its stake in shares of TPG by 86.3% during the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after acquiring an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TPG by 156.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after purchasing an additional 294,941 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in TPG during the 2nd quarter valued at about $216,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.