Analysts Set TPG Inc. (NASDAQ:TPG) PT at $58.83

Shares of TPG Inc. (NASDAQ:TPG) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $60.08.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets upped their price objective on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group boosted their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Hedge Funds Weigh In On TPG

A number of institutional investors have recently modified their holdings of TPG. International Assets Investment Management LLC bought a new position in TPG in the second quarter worth approximately $25,000. Signaturefd LLC lifted its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares during the period. Covestor Ltd grew its position in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares in the last quarter. KBC Group NV increased its stake in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the period. Finally, Quarry LP raised its holdings in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

NASDAQ:TPG opened at $63.25 on Thursday. The business’s 50-day moving average is $66.94 and its 200 day moving average is $54.73. TPG has a 12 month low of $38.20 and a 12 month high of $72.98. The company has a market capitalization of $23.08 billion, a P/E ratio of -186.02, a P/E/G ratio of 1.11 and a beta of 1.46. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts forecast that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.40%. TPG’s payout ratio is -447.06%.

About TPG

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.