TPG Inc. (NASDAQ:TPG – Get Free Report) has earned an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $61.75.
Several analysts have weighed in on TPG shares. UBS Group boosted their price objective on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on TPG in a report on Monday, May 4th. BMO Capital Markets decreased their target price on TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. The Goldman Sachs Group restated a “buy” rating and set a $61.00 target price on shares of TPG in a report on Tuesday, May 5th. Finally, Morgan Stanley set a $60.00 target price on TPG in a report on Tuesday, April 21st.
Check Out Our Latest Research Report on TPG
TPG Stock Performance
TPG (NASDAQ:TPG – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. Analysts expect that TPG will post 2.86 earnings per share for the current year.
TPG Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio is currently 1,072.73%.
Hedge Funds Weigh In On TPG
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TPG by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after acquiring an additional 314,295 shares in the last quarter. Capital International Investors raised its holdings in shares of TPG by 0.4% during the fourth quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock valued at $749,142,000 after acquiring an additional 52,213 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in shares of TPG by 14.1% during the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after acquiring an additional 1,236,526 shares in the last quarter. Darlington Partners Capital Management LP bought a new position in shares of TPG during the second quarter valued at approximately $258,581,000. Finally, Millennium Management LLC raised its holdings in shares of TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after acquiring an additional 1,837,799 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.
About TPG
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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