TPG (NASDAQ:TPG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of TPG Inc. (NASDAQ:TPG) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $45.97 and traded as high as $48.16. TPG shares last traded at $47.94, with a volume of 5,750,108 shares trading hands.

Key TPG News

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Analysts raised targets: TD Cowen, RBC, Wells Fargo and Barclays all increased their price targets, with ratings ranging from “equal weight” to “buy” and “outperform.” The new targets imply approximately 11% to 46% upside, supporting the bullish case for TPG. TD Cowen analyst action
• Positive Sentiment: Quarterly earnings exceeded expectations: TPG reported third-quarter EPS of $0.65 versus the $0.63 consensus estimate. Revenue reached $1.22 billion, up 25.3% year over year and well above the reported $624.7 million estimate, while EPS increased from $0.53 a year earlier. TPG Q3 earnings report
• Positive Sentiment: Fundraising outlook remains strong: TPG reportedly expects to raise a record $55 billion this year, which could expand fee-generating assets and improve long-term earnings visibility. TPG fundraising outlook
• Neutral Sentiment: TPG is reportedly considering a roughly $5 billion acquisition of Ark Data Centres and has launched a $10 billion climate fund. These initiatives could create new growth opportunities but also involve significant capital deployment and execution risk. TPG Ark Data Centres talks
• Negative Sentiment: Dividend was reduced: TPG declared a quarterly dividend of $0.55 per share, down 6.8% from $0.59 previously. The cut may concern income-focused investors despite the approximately 4.6% indicated yield. TPG dividend announcement

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TPG. Wells Fargo & Company raised their price target on shares of TPG from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $62.00 price objective on shares of TPG in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on shares of TPG from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Barclays lifted their target price on TPG from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.07.

TPG Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $47.00 and its two-hundred day moving average is $45.88. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 53.66, a PEG ratio of 0.90 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. TPG had a net margin of 5.32% and a return on equity of 29.24%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $624.66 million. During the same period in the previous year, the business posted $0.53 EPS. TPG’s revenue was up 25.3% on a year-over-year basis. On average, analysts expect that TPG Inc. will post 2.78 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be issued a $0.55 dividend. This is a negative change from TPG’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.20 dividend on an annualized basis and a yield of 4.7%. TPG’s dividend payout ratio is currently 252.87%.

Institutional Trading of TPG

Several hedge funds have recently added to or reduced their stakes in TPG. Kestra Private Wealth Services LLC acquired a new position in shares of TPG in the 3rd quarter worth approximately $286,000. Provenance Wealth Advisors LLC bought a new stake in TPG during the third quarter worth approximately $36,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in TPG during the third quarter worth approximately $134,000. Signaturefd LLC grew its position in TPG by 10.5% in the third quarter. Signaturefd LLC now owns 3,685 shares of the company’s stock worth $163,000 after buying an additional 350 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in TPG by 0.3% in the third quarter. Evergreen Capital Management LLC now owns 131,623 shares of the company’s stock worth $5,809,000 after buying an additional 351 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

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.