TPG Inc. (NASDAQ:TPG) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus: Of 17 analysts covering TPG, 13 rate it a buy and four recommend holding it. The average 12-month price target is $63.33, above the reported share price of $45.62.
• TPG exceeded quarterly expectations: The company reported earnings of $0.69 per share versus the $0.59 consensus estimate, while revenue rose 23.9% year over year to $628.19 million.
• The stock offers a sizable dividend but with a high payout ratio: TPG declared a quarterly dividend of $0.59, equivalent to a 5.2% annualized yield, while its dividend payout ratio stands at 357.58%.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $63.3333.

TPG has been the topic of a number of analyst reports. Citizens Jmp lowered their target price on shares of TPG from $75.00 to $68.00 and set a "market outperform" rating on the stock in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $62.00 price objective on shares of TPG in a research note on Wednesday, August 5th. Weiss Ratings raised TPG from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, August 13th. TD Cowen raised shares of TPG from a "hold" rating to a "buy" rating and set a $64.00 price objective for the company in a report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their target price on TPG from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th.

TPG Price Performance

Shares of TPG stock opened at $45.62 on Wednesday. The business's fifty day moving average is $48.52 and its 200 day moving average is $44.10. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 69.12, a PEG ratio of 0.77 and a beta of 1.47. TPG has a twelve month low of $36.95 and a twelve month high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The company had revenue of $628.19 million for the quarter, compared to the consensus estimate of $596.79 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. TPG's revenue was up 23.9% on a year-over-year basis. Research analysts expect that TPG will post 2.88 EPS for the current fiscal year.

TPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, August 14th. TPG's dividend payout ratio (DPR) is 357.58%.

Hedge Funds Weigh In On TPG

Large investors have recently bought and sold shares of the business. CX Institutional lifted its position in TPG by 481.4% during the 2nd quarter. CX Institutional now owns 657 shares of the company's stock worth $27,000 after acquiring an additional 544 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company's stock valued at $43,000 after purchasing an additional 649 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of TPG in the fourth quarter worth about $70,000. Leonteq Securities AG purchased a new position in shares of TPG in the first quarter worth about $81,000. Finally, Sunbelt Securities Inc. lifted its holdings 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 purchasing an additional 2,001 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Company Profile

TPG Inc NASDAQ: TPG is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit and market solutions. The company manages investment funds and strategies for institutional investors, family offices, sovereign wealth funds, and other clients.

Through its various investment platforms, TPG provides capital to companies at different stages of development and across multiple industries. Its activities include acquiring and supporting established businesses, investing in high-growth companies, financing real estate and credit opportunities, and pursuing investments intended to generate both financial and social or environmental impact.

TPG was founded in 1992 by David Bonderman and James Coulter.

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