Analysts Set TPG Inc. (NASDAQ:TPG) PT at $42.50

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several equities research analysts have recently issued reports on TPG shares. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $52.00 in a research report on Friday, May 10th. Jefferies Financial Group lowered their price target on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Finally, UBS Group raised their price target on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TPG. Vanguard Group Inc. boosted its stake in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after purchasing an additional 1,305,799 shares during the period. Norges Bank bought a new stake in shares of TPG during the 4th quarter worth about $52,189,000. Massachusetts Financial Services Co. MA raised its position in shares of TPG by 18.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock worth $127,634,000 after buying an additional 462,355 shares in the last quarter. Capital International Investors raised its position in shares of TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after buying an additional 336,665 shares in the last quarter. Finally, Grafton Street Partners Fund LP bought a new stake in shares of TPG during the 4th quarter worth about $11,479,000. 86.79% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

TPG stock opened at $42.01 on Thursday. TPG has a 52-week low of $26.03 and a 52-week high of $47.20. The firm has a fifty day moving average of $42.51 and a 200-day moving average of $42.70. The firm has a market capitalization of $15.32 billion, a P/E ratio of -300.07, a PEG ratio of 0.72 and a beta of 1.55. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a net margin of 2.74% and a return on equity of 21.16%. The company had revenue of $512.30 million during the quarter, compared to analyst estimates of $452.87 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 64.5% compared to the same quarter last year. As a group, analysts predict that TPG will post 2.02 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Friday, May 17th. TPG’s payout ratio is -1,171.43%.

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.