TPG (NASDAQ:TPG) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of TPG (NASDAQ:TPGFree Report) from a market perform rating to an outperform rating in a research report report published on Monday morning, MarketBeat.com reports. They currently have $75.00 price objective on the stock.

Several other equities analysts have also recently weighed in on TPG. Morgan Stanley set a $67.00 price objective on shares of TPG in a research report on Tuesday, January 27th. Evercore ISI set a $56.00 price objective on TPG in a research report on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. UBS Group boosted their price objective on shares of TPG from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of TPG in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.00.

Get Our Latest Stock Analysis on TPG

TPG Trading Down 6.4%

TPG stock opened at $49.67 on Monday. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 112.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s 50 day moving average price is $62.98 and its two-hundred day moving average price is $60.10. TPG has a 1 year low of $37.52 and a 1 year high of $70.38.

TPG (NASDAQ:TPGGet Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $628.48 million for the quarter, compared to analyst estimates of $548.40 million. TPG had a return on equity of 26.96% and a net margin of 3.95%.TPG’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, research analysts predict that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. TPG’s dividend payout ratio (DPR) is presently 409.09%.

Hedge Funds Weigh In On TPG

Hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management raised its stake in TPG by 4.0% in the 4th quarter. Picton Mahoney Asset Management now owns 440,521 shares of the company’s stock valued at $28,123,000 after purchasing an additional 16,937 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in TPG by 70.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,021 shares of the company’s stock worth $831,000 after purchasing an additional 5,383 shares in the last quarter. Deutsche Bank AG lifted its stake in TPG by 1.6% during the 4th quarter. Deutsche Bank AG now owns 19,430 shares of the company’s stock worth $1,240,000 after acquiring an additional 307 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of TPG by 6.8% in the fourth quarter. Cerity Partners LLC now owns 220,240 shares of the company’s stock valued at $14,060,000 after purchasing an additional 13,974 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of TPG by 16.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,742,456 shares of the company’s stock worth $111,238,000 after acquiring an additional 240,613 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Key TPG News

Here are the key news stories impacting TPG this week:

TPG Company Profile

(Get Free Report)

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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