TPG Inc. (NASDAQ:TPG) Stock Has Average Target Price of $61.00

Shares of TPG Inc. (NASDAQ:TPG) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $61.00.

Several research firms have weighed in on TPG. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Barclays lifted their price objective on TPG from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Deutsche Bank reiterated a “buy” rating and issued a $62.00 price target on shares of TPG in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their price target on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, UBS Group increased their price objective on shares of TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th.

Institutional Trading of TPG

Institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. boosted its position in shares of TPG by 3.0% during the second quarter. QRG Capital Management Inc. now owns 8,145 shares of the company’s stock worth $330,000 after buying an additional 237 shares during the period. Parallel Advisors LLC boosted its stake in shares of TPG by 15.5% in the first quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock valued at $85,000 after buying an additional 281 shares during the period. Signaturefd LLC raised its position in shares of TPG by 10.5% in the 3rd quarter. Signaturefd LLC now owns 3,685 shares of the company’s stock valued at $163,000 after buying an additional 350 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in TPG by 0.3% in the third quarter. Evergreen Capital Management LLC now owns 131,623 shares of the company’s stock valued at $5,809,000 after buying an additional 351 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of TPG by 1.0% during the first quarter. Public Employees Retirement System of Ohio now owns 40,859 shares of the company’s stock worth $1,655,000 after buying an additional 404 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

Shares of NASDAQ TPG traded up $0.15 during mid-day trading on Thursday, hitting $48.26. 2,652,071 shares of the company were exchanged, compared to its average volume of 2,884,790. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $46.04 and a 200-day simple moving average of $45.10. TPG has a 1-year low of $36.95 and a 1-year high of $70.38. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48.

TPG (NASDAQ:TPG) last issued its earnings results on Thursday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. TPG had a return on equity of 29.05% and a net margin of 5.32%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $624.66 million. During the same period in the prior year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, sell-side analysts forecast that TPG will post 2.77 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 9th will be paid a $0.55 dividend. This is a drop from TPG’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, November 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.6%. TPG’s dividend payout ratio (DPR) is currently 252.87%.

TPG Company Profile

TPG Inc. is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, credit and other investment strategies. The company manages investment funds and related products for institutional and individual investors. Founded in 1992 as Texas Pacific Group, TPG has expanded its investment platforms over time, including through its acquisition of Angelo Gordon, which added to its credit and real estate capabilities. The firm invests in businesses and assets across multiple industries and geographies, with operations and investment teams serving markets around the world.