Analysts Set TPG Inc. (NASDAQ:TPG) Target Price at $63.33

TPG Inc. (NASDAQ:TPG) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $63.3333.

TPG has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. BMO Capital Markets decreased their target price on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Barclays increased their target price on shares of TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Morgan Stanley cut their price target on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th.

Institutional Investors Weigh In On TPG

Hedge funds have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after acquiring an additional 465 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of TPG by 86.3% during the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after buying an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after buying an additional 557,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of TPG by 156.3% in the 1st 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 acquired a new stake in shares of TPG during the second quarter worth approximately $216,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Down 0.2%

Shares of NASDAQ:TPG opened at $52.32 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 79.27, a PEG ratio of 0.87 and a beta of 1.46. The stock’s 50-day moving average price is $46.53 and its two-hundred day moving average price is $43.79. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The company had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. On average, research analysts forecast that TPG will post 2.88 EPS for the current year.

TPG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. TPG’s payout ratio is presently 357.58%.

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.