TPG Inc. (NASDAQ:TPG) Stock Has Average Price Target of $61.07

Key Points

• Analysts maintain a moderately bullish view on TPG, with 12 buy ratings and four holds among 16 brokerages. The average 12-month price target is $61.07, well above the reported share price of $42.52.
• 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.
• Institutional ownership is substantial at 94.03%, while TPG’s quarterly dividend of $0.59 implies an annualized yield of about 5.6%; however, its payout ratio is elevated at 357.58%.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are currently 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 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.07.

A number of research firms have recently commented on TPG. BMO Capital Markets cut their target price on TPG from $52.00 to $50.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. UBS Group boosted their target price on TPG from $59.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Evercore set a $50.00 target price on TPG in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $62.00 target price on shares of TPG in a research report on Wednesday, August 5th. Finally, Citigroup restated an "outperform" rating on shares of TPG in a research note on Thursday, July 9th.

Institutional Investors Weigh In On TPG

Several large investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of TPG by 38.1% during the second quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company's stock worth $446,840,000 after acquiring an additional 3,041,560 shares during the last quarter. Temasek Holdings Private Ltd raised its position in TPG by 14.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company's stock valued at $406,239,000 after purchasing an additional 1,236,526 shares during the last quarter. Vulcan Value Partners LLC raised its position in TPG by 18.9% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,361,862 shares of the company's stock valued at $95,774,000 after purchasing an additional 375,836 shares during the last quarter. Jackson Brooke LLC acquired a new stake in TPG during the 2nd quarter worth $92,395,080. Finally, Junto Capital Management LP acquired a new stake in TPG during the 2nd quarter worth $82,794,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

Shares of NASDAQ:TPG opened at $42.52 on Friday. The company's fifty day moving average price is $48.38 and its 200 day moving average price is $44.48. TPG has a 12 month low of $36.95 and a 12 month high of $70.38. 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 firm has a market capitalization of $16.34 billion, a P/E ratio of 64.43, a P/E/G ratio of 0.76 and a beta of 1.49.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly 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 net margin of 4.67% and a return on equity of 28.10%. The firm had revenue of $628.19 million during the quarter, compared to analysts' expectations of $596.79 million. During the same period in the previous year, the company earned $0.69 earnings per share. TPG's quarterly revenue was up 23.9% compared to the same quarter last year. As a group, sell-side analysts predict that TPG will post 2.79 earnings per share for the current fiscal year.

TPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. TPG's payout ratio is currently 357.58%.

About TPG

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.

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