TPG Inc. (NASDAQ:TPG) Receives $62.57 Consensus PT from Analysts

Key Points

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Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $62.5714.

A number of analysts recently issued reports on TPG shares. Citigroup increased their price target on shares of TPG from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Wells Fargo & Company increased their price target on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on shares of TPG from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Wolfe Research started coverage on shares of TPG in a report on Friday, June 20th. They set an "outperform" rating and a $60.00 price target on the stock. Finally, BNP Paribas raised shares of TPG to a "strong-buy" rating in a report on Wednesday, July 30th.

TPG Stock Performance

NASDAQ TPG traded up $0.85 during mid-day trading on Tuesday, reaching $60.94. 1,960,831 shares of the stock were exchanged, compared to its average volume of 1,956,324. The business's 50 day moving average is $56.34 and its 200-day moving average is $52.05. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a market capitalization of $23.03 billion, a P/E ratio of -320.74, a P/E/G ratio of 1.28 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm had revenue of $495.12 million for the quarter, compared to the consensus estimate of $470.57 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.59 per share. This is a boost from TPG's previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, August 18th. TPG's dividend payout ratio (DPR) is currently -1,242.11%.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the transaction, the director directly owned 16,807 shares in the company, valued at approximately $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 69.98% of the company's stock.

Hedge Funds Weigh In On TPG

A number of large investors have recently added to or reduced their stakes in TPG. Legal & General Group Plc raised its position in TPG by 25.5% during the fourth quarter. Legal & General Group Plc now owns 75,034 shares of the company's stock worth $4,715,000 after acquiring an additional 15,248 shares during the period. Raymond James Financial Inc. acquired a new position in TPG during the fourth quarter worth $615,000. Sterling Capital Management LLC raised its position in TPG by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock worth $260,000 after acquiring an additional 1,345 shares during the period. Mariner LLC raised its position in TPG by 16.3% during the fourth quarter. Mariner LLC now owns 4,151 shares of the company's stock worth $261,000 after acquiring an additional 582 shares during the period. Finally, XTX Topco Ltd acquired a new position in TPG during the fourth quarter worth $443,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.