TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• TPG Inc. has received a consensus rating of "Moderate Buy" from 17 brokerages, with a 12-month price target averaging $62.57.
• In its last earnings report, TPG beat estimates with an EPS of $0.69 and reported a revenue of $495.12 million, marking an 8.9% year-over-year increase.
• TPG recently increased its quarterly dividend to $0.59 per share, reflecting a 3.9% yield, up from the previous dividend of $0.41.

TPG Inc. (NASDAQ:TPG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen brokerages that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $62.5714.

A number of research firms recently commented on TPG. Wolfe Research began coverage on TPG in a research note on Friday, June 20th. They issued an "outperform" rating and a $60.00 target price on the stock. Citigroup raised their price objective on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Zacks Research raised TPG from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 8th. BNP Paribas Exane raised TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group raised their price objective on TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, August 7th.

TPG Stock Down 1.3%

TPG opened at $61.29 on Friday. The stock has a market cap of $23.16 billion, a PE ratio of -322.58, a P/E/G ratio of 1.30 and a beta of 1.56. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. TPG has a 52 week low of $37.52 and a 52 week high of $72.98. The business's fifty day simple moving average is $58.81 and its 200 day simple moving average is $52.14.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. The business had revenue of $495.12 million for the quarter, compared to analysts' expectations of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%.The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from TPG's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 18th. TPG's payout ratio is -1,242.11%.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,796 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the transaction, the director directly owned 16,807 shares of the company's stock, valued at approximately $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 69.98% of the company's stock.

Institutional Trading of TPG

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of TPG by 69.1% in the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company's stock worth $507,177,000 after purchasing an additional 4,369,618 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of TPG by 12.5% in the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company's stock worth $441,254,000 after purchasing an additional 1,037,225 shares during the last quarter. Temasek Holdings Private Ltd grew its stake in shares of TPG by 114.2% in the first quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company's stock worth $404,560,000 after purchasing an additional 4,548,452 shares during the last quarter. Darlington Partners Capital Management LP bought a new stake in shares of TPG in the second quarter worth about $258,581,000. Finally, Geode Capital Management LLC grew its stake in shares of TPG by 30.8% in the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company's stock worth $185,136,000 after purchasing an additional 831,865 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

TPG Company Profile

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.

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