TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give TPG a “Moderate Buy” consensus: Thirteen of 17 brokerages rate the stock a buy, while four recommend holding it. The average 12-month price target is $63.33.
• TPG exceeded quarterly expectations, reporting $0.69 in EPS versus the $0.59 consensus estimate and $628.19 million in revenue, up 23.9% year over year.
• The company paid a quarterly dividend of $0.59 per share, equal to a 4.4% annualized yield, while institutional investors and hedge funds own 94.03% of its stock.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $63.3333.

A number of brokerages have commented on TPG. Evercore set a $50.00 price objective on shares of TPG in a report on Wednesday, August 5th. Citigroup reissued an "outperform" rating on shares of TPG in a research note on Thursday, July 9th. Royal Bank Of Canada raised their price target on shares of TPG from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Morgan Stanley dropped their price objective on shares of TPG from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised TPG from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, August 13th.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $53.97 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. The business's fifty day moving average price is $45.74 and its two-hundred day moving average price is $43.82. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 81.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $596.79 million. During the same period last year, the business earned $0.69 earnings per share. The business's revenue was up 23.9% on a year-over-year basis. As a group, analysts predict that TPG will post 2.88 EPS for the current fiscal year.

TPG Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.4%. TPG's payout ratio is presently 357.58%.

Hedge Funds Weigh In On TPG

Several large investors have recently made changes to their positions in TPG. Jennison Associates LLC bought a new stake in TPG during the 4th quarter worth about $13,630,000. Jackson Brooke LLC acquired a new position in TPG during the 2nd quarter valued at about $92,395,080. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of TPG in the 1st quarter valued at about $6,421,000. Frank Rimerman Advisors LLC boosted its stake in shares of TPG by 173.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 42,533 shares of the company's stock valued at $1,723,000 after purchasing an additional 26,998 shares during the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of TPG during the 1st quarter worth approximately $1,052,000. Institutional investors and hedge funds 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 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.

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