TPG Inc. (NASDAQ:TPG) Stock Has Consensus Target Price of $61.07 According to Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.07.

TPG has been the subject of a number of research analyst reports. Wells Fargo & Company began coverage on TPG in a report on Friday, October 2nd. They set an “equal weight” rating and a $47.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $62.00 target price on shares of TPG in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of TPG from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Morgan Stanley dropped their target price on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st.

TPG Trading Up 4.7%

Shares of TPG opened at $46.17 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. TPG has a 12-month low of $36.95 and a 12-month high of $70.38. The firm has a 50-day moving average price of $47.82 and a 200 day moving average price of $44.67. The firm has a market capitalization of $17.74 billion, a P/E ratio of 69.96, a P/E/G ratio of 0.83 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share 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%. TPG’s revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Sell-side analysts forecast that TPG will post 2.78 EPS for the current year.

TPG Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, August 14th. TPG’s dividend payout ratio (DPR) is currently 357.58%.

Hedge Funds Weigh In On TPG

Several institutional investors have recently modified their holdings of TPG. CX Institutional raised its stake in shares of TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 544 shares in the last quarter. Mather Group LLC. acquired a new position in shares of TPG during the third quarter worth about $45,000. Leonteq Securities AG acquired a new position in shares of TPG during the first quarter worth about $81,000. Caitong International Asset Management Co. Ltd increased its stake in shares of TPG by 25,112.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,017 shares of the company’s stock worth $129,000 after buying an additional 2,009 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of TPG by 2,986.6% during the first quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock worth $84,000 after buying an additional 2,001 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.