TPG Inc. (NASDAQ:TPG) Receives $52.25 Consensus Target Price from Analysts

TPG Inc. (NASDAQ:TPG) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $52.25.

Several brokerages have issued reports on TPG. TD Cowen decreased their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th. The Goldman Sachs Group upped their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $67.33 on Wednesday. The firm has a fifty day simple moving average of $56.68 and a two-hundred day simple moving average of $48.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $24.56 billion, a P/E ratio of -192.37, a PEG ratio of 1.07 and a beta of 1.53. TPG has a 52 week low of $26.62 and a 52 week high of $69.86.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million for the quarter, compared to the consensus estimate of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period in the prior year, the business posted $0.26 earnings per share. On average, analysts expect that TPG will post 1.96 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.50%. This is an increase from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. TPG’s dividend payout ratio (DPR) is -479.99%.

Institutional Investors Weigh In On TPG

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of TPG by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock valued at $261,199,000 after acquiring an additional 320,972 shares during the period. Oak Thistle LLC acquired a new position in TPG during the first quarter valued at $451,000. Principal Financial Group Inc. boosted its holdings in TPG by 18.9% in the first quarter. Principal Financial Group Inc. now owns 6,291 shares of the company’s stock valued at $281,000 after purchasing an additional 1,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TPG by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock valued at $556,000 after purchasing an additional 680 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in TPG by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 86.79% of the company’s stock.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.