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

Key Points

• "Moderate Buy" consensus from 17 analysts (11 Buy, 5 Hold, 1 Strong Buy) and an average 12‑month price target of $66.80.
• Quarterly results topped estimates — $0.85 EPS vs. $0.65 expected and $1.49B revenue vs. $548.4M expected — with revenue up 35.6% year‑over‑year; market cap is about $16.55B and P/E ~97.9.
• Dividend increase: TPG raised its quarterly dividend to $0.61 (annualized $2.44) for a 5.7% yield, but the dividend payout ratio is very high at ~554.6%.

Shares of TPG Inc. (NASDAQ:TPG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $66.80.

A number of equities analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TPG in a report on Wednesday. Evercore set a $56.00 price target on TPG in a report on Friday, February 6th. Weiss Ratings restated a "hold (c)" rating on shares of TPG in a research report on Monday, December 29th. TD Cowen reaffirmed a "hold" rating on shares of TPG in a research note on Wednesday, January 14th. Finally, UBS Group lowered their price objective on TPG from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, February 20th.

TPG Stock Performance

Shares of NASDAQ TPG opened at $43.07 on Friday. TPG has a 12-month low of $37.52 and a 12-month high of $70.38. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 97.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $56.28 and a 200 day moving average of $58.35.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. During the same period last year, the firm earned $0.62 earnings per share. The company's quarterly revenue was up 35.6% on a year-over-year basis. On average, research analysts anticipate that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Thursday, February 19th. This is a positive change from TPG's previous quarterly dividend of $0.45. TPG's dividend payout ratio (DPR) is 554.55%.

Hedge Funds Weigh In On TPG

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of TPG during the 4th quarter valued at $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company's stock valued at $38,000 after buying an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company's stock worth $43,000 after buying an additional 649 shares during the period. PNC Financial Services Group Inc. boosted its holdings in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company's stock worth $45,000 after buying an additional 566 shares during the period. Finally, Optiver Holding B.V. purchased a new stake in TPG in the 3rd quarter worth $51,000. 94.03% of the stock is currently owned by institutional investors.

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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