TPG Inc. (NASDAQ:TPG) Stock Has Consensus Target Price of $61.00

Key Points

• Analyst sentiment is moderately positive: 11 of 15 analysts rate TPG a buy, while four recommend hold; the average one-year price target is $61.
• TPG reported quarterly EPS of $0.65, topping the $0.63 estimate, and revenue rose 25.3% year over year to $1.22 billion.
• The company lowered its quarterly dividend from $0.59 to $0.55 per share, equivalent to an annualized $2.20 and a 4.5% yield.

TPG Inc. (NASDAQ:TPG - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.00.

Several brokerages have recently weighed in on TPG. Morgan Stanley reduced their price target on TPG from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on TPG from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Friday, October 30th. BMO Capital Markets cut their target price on TPG from $56.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Royal Bank Of Canada lifted their target price on TPG from $65.00 to $68.00 and gave the company an "outperform" rating in a report on Friday, October 30th. Finally, Deutsche Bank reaffirmed a "buy" rating and set a $62.00 target price on shares of TPG in a report on Wednesday, August 5th.

Hedge Funds Weigh In On TPG

Several hedge funds have recently bought and sold shares of TPG. Wellington Management Group LLP lifted its stake in TPG by 38.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company's stock worth $446,840,000 after purchasing an additional 3,041,560 shares in the last quarter. Temasek Holdings Private Ltd grew its position in shares of TPG by 14.1% during 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 in the last quarter. Vulcan Value Partners LLC grew its position in shares of TPG by 18.9% during 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 in the last quarter. Jackson Brooke LLC bought a new position in shares of TPG in the second quarter worth $92,395,080. Finally, William Blair Investment Management LLC increased its holdings in shares of TPG by 50.4% in the third quarter. William Blair Investment Management LLC now owns 2,088,244 shares of the company's stock worth $92,154,000 after purchasing an additional 699,686 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Stock Performance

Shares of TPG stock opened at $49.03 on Thursday. The firm's 50 day moving average is $46.23 and its 200 day moving average is $45.23. The stock has a market capitalization of $18.84 billion, a P/E ratio of 56.36, a PEG ratio of 0.87 and a beta of 1.48. TPG has a 12 month low of $36.95 and a 12 month high of $70.38. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.57.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.65 earnings per share 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 29.05%. The business 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 earned $0.53 EPS. TPG's revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts anticipate that TPG will post 2.77 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 9th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.5%. This is a decrease from TPG's previous quarterly dividend of $0.59. The ex-dividend date is Monday, November 9th. TPG's dividend payout ratio (DPR) is 252.87%.

About TPG

TPG Inc. is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, credit and other investment strategies. The company manages investment funds and related products for institutional and individual investors. Founded in 1992 as Texas Pacific Group, TPG has expanded its investment platforms over time, including through its acquisition of Angelo Gordon, which added to its credit and real estate capabilities. The firm invests in businesses and assets across multiple industries and geographies, with operations and investment teams serving markets around the world.

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