TPG Inc. (NASDAQ:TPG) Stock Has Consensus Target Price of $63.33

TPG Inc. (NASDAQ:TPG) has earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.33.

A number of analysts have recently commented on the company. Evercore set a $50.00 price objective on TPG in a research report on Wednesday, August 5th. UBS Group increased their target price on TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Citizens Jmp cut their price target on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Finally, TD Cowen raised shares of TPG from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Thursday, August 6th.

Institutional Trading of TPG

A number of institutional investors and hedge funds have recently modified their holdings of TPG. QRG Capital Management Inc. lifted its stake in TPG by 3.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,145 shares of the company’s stock valued at $330,000 after buying an additional 237 shares in the last quarter. Junto Capital Management LP acquired a new stake in TPG in the 2nd quarter worth about $82,794,000. Engineers Gate Manager LP increased its stake in TPG by 147.4% during the 2nd quarter. Engineers Gate Manager LP now owns 342,327 shares of the company’s stock worth $13,881,000 after buying an additional 203,956 shares in the last quarter. NewEdge Advisors LLC increased its stake in TPG by 189.0% during the 2nd quarter. NewEdge Advisors LLC now owns 15,031 shares of the company’s stock worth $610,000 after buying an additional 9,830 shares in the last quarter. Finally, Vulcan Value Partners LLC increased its stake in TPG by 18.9% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,361,862 shares of the company’s stock worth $95,774,000 after buying an additional 375,836 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

NASDAQ:TPG opened at $44.39 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. The stock’s 50-day moving average price is $48.53 and its 200-day moving average price is $44.11. The stock has a market capitalization of $17.06 billion, a PE ratio of 67.26, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47.

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

TPG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 5.3%. TPG’s dividend payout ratio (DPR) is 357.58%.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit and market solutions. The company manages investment funds and strategies for institutional investors, family offices, sovereign wealth funds, and other clients.

Through its various investment platforms, TPG provides capital to companies at different stages of development and across multiple industries. Its activities include acquiring and supporting established businesses, investing in high-growth companies, financing real estate and credit opportunities, and pursuing investments intended to generate both financial and social or environmental impact.

TPG was founded in 1992 by David Bonderman and James Coulter.