TPG Inc. (NASDAQ:TPG) Receives $66.67 Average Price Target from Analysts

by · The Cerbat Gem

TPG Inc. (NASDAQ:TPG – Get Free Report) has earned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $66.6667.

TPG has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. TD Cowen boosted their target price on TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Zacks Research downgraded TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Bank of America lifted their price objective on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, UBS Group started coverage on shares of TPG in a research note on Thursday, December 11th. They set a “buy” rating and a $82.00 target price on the stock.

Get Our Latest Stock Report on TPG

TPG Stock Performance

NASDAQ TPG opened at $65.18 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $24.64 billion, a P/E ratio of 724.17, a P/E/G ratio of 1.21 and a beta of 1.51. The stock has a 50-day moving average of $59.00 and a two-hundred day moving average of $57.94. TPG has a 1-year low of $37.52 and a 1-year high of $70.11.

TPG (NASDAQ:TPG – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million for the quarter, compared to analyst estimates of $510.32 million. TPG had a return on equity of 25.79% and a net margin of 2.83%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. As a group, analysts anticipate that TPG will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. TPG’s dividend payout ratio is currently 2,000.00%.

Hedge Funds Weigh In On TPG

A number of institutional investors and hedge funds have recently modified their holdings of TPG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in TPG in the second quarter valued at $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $38,000 after acquiring an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares during the last quarter. GAMMA Investing LLC boosted its holdings in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after purchasing an additional 338 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new position in TPG in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

About TPG

(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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