TPG Inc. (NASDAQ:TPG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $66.7857.

A number of research analysts recently commented on TPG shares. Evercore ISI increased their price target on shares of TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a report on Friday, August 8th. Wells Fargo & Company raised their price objective on TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Bank of America boosted their target price on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of TPG in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday.

Institutional Trading of TPG

Institutional investors have recently added to or reduced their stakes in the company. Darlington Partners Capital Management LP bought a new position in shares of TPG during the second quarter valued at approximately $258,581,000. Temasek Holdings Private Ltd boosted its holdings in TPG by 114.2% during the 1st quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock valued at $404,560,000 after acquiring an additional 4,548,452 shares during the period. Wellington Management Group LLP boosted its holdings in TPG by 69.1% during the 1st quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock valued at $507,177,000 after acquiring an additional 4,369,618 shares during the period. Vulcan Value Partners LLC bought a new position in TPG in the 1st quarter valued at $86,332,000. Finally, Norges Bank purchased a new stake in TPG in the second quarter worth $83,794,000. Institutional investors own 94.03% of the company’s stock.

TPG Stock Up 2.6%

NASDAQ TPG opened at $54.67 on Friday. The stock has a 50 day moving average price of $58.23 and a 200-day moving average price of $54.91. TPG has a one year low of $37.52 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.40 and a current ratio of 0.35. The company has a market capitalization of $20.66 billion, a P/E ratio of 607.44, a P/E/G ratio of 0.98 and a beta of 1.52.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The business had revenue of $596.50 million for the quarter, compared to the consensus estimate of $510.32 million. During the same quarter last year, the business earned $0.45 EPS. TPG’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts predict that TPG will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 14th. TPG’s dividend payout ratio is presently -1,242.11%.

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.