TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.40.

Several research firms recently weighed in on TPG. Morgan Stanley set a $60.00 price target on TPG in a research note on Tuesday, April 21st. Evercore set a $47.00 price objective on TPG in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $61.00 target price on shares of TPG in a report on Tuesday, May 5th. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Finally, Weiss Ratings downgraded TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th.

Institutional Trading of TPG

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fortress Investment Group LLC bought a new stake in shares of TPG during the third quarter valued at approximately $17,167,000. Franklin Resources Inc. lifted its position in TPG by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,672,272 shares of the company’s stock valued at $153,522,000 after acquiring an additional 425,223 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in TPG during the 3rd quarter valued at $2,059,000. Azora Capital LP boosted its stake in TPG by 143.7% during the 3rd quarter. Azora Capital LP now owns 435,100 shares of the company’s stock valued at $24,996,000 after purchasing an additional 256,555 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of TPG in the 3rd quarter worth $5,056,000. 94.03% of the stock is currently owned by institutional investors.

TPG Trading Down 0.7%

Shares of NASDAQ TPG opened at $44.16 on Friday. TPG has a 1 year low of $36.95 and a 1 year high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50-day moving average of $41.99 and a 200 day moving average of $46.84. The stock has a market cap of $16.97 billion, a P/E ratio of 200.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that TPG will post 2.85 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s dividend payout ratio is 1,072.73%.

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.