TPG Inc. (NASDAQ:TPG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give TPG a consensus "Moderate Buy" rating from 17 analysts (12 buys, 5 holds) with an average 12‑month price target of $62.93.
• TPG shares opened at $43.62, trading well below the average target and its 1‑year high of $70.38; the company beat the quarter with EPS $0.71 (est. $0.65) and revenue of about $628.5M (+35.6% YoY), while trading at a P/E of 99.14 and a market cap of $16.76B.
• TPG raised its quarterly dividend to $0.61 (annualized $2.44, yield 5.6%) but carries an elevated dividend payout ratio of 554.55%, and institutional ownership is very high at 94.03% with several large investors recently adding positions.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have received a consensus rating of "Moderate Buy" from the seventeen analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $62.9333.

A number of brokerages recently issued reports on TPG. Evercore set a $47.00 price objective on shares of TPG in a report on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating on shares of TPG in a report on Wednesday, March 4th. BMO Capital Markets dropped their price objective on shares of TPG from $60.00 to $48.00 and set an "outperform" rating for the company in a report on Tuesday, March 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of TPG in a report on Friday, March 27th. Finally, UBS Group dropped their price objective on shares of TPG from $83.00 to $60.00 and set a "buy" rating for the company in a report on Friday, February 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TPG. Picton Mahoney Asset Management bought a new position in TPG during the 3rd quarter worth approximately $24,334,000. Fortress Investment Group LLC bought a new position in TPG during the 3rd quarter worth approximately $17,167,000. Private Wealth Partners LLC raised its holdings in TPG by 88.2% during the 3rd quarter. Private Wealth Partners LLC now owns 113,880 shares of the company's stock worth $6,542,000 after purchasing an additional 53,375 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in TPG during the 3rd quarter worth approximately $2,059,000. Finally, Capital International Investors raised its holdings in TPG by 3.5% during the 3rd quarter. Capital International Investors now owns 11,682,464 shares of the company's stock worth $671,158,000 after purchasing an additional 392,336 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Trading Up 0.3%

TPG opened at $43.62 on Friday. The company's 50 day moving average is $42.12 and its 200-day moving average is $53.62. The company has a market cap of $16.76 billion, a P/E ratio of 99.14, a PEG ratio of 0.86 and a beta of 1.54. TPG has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. The business had revenue of $628.48 million during the quarter, compared to analyst estimates of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. Equities research analysts predict that TPG will post 2.87 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were issued a $0.61 dividend. This is a boost from TPG's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a yield of 5.6%. TPG's dividend payout ratio (DPR) is 554.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.