Shares of TPG Inc. (NASDAQ:TPG – Get Free Report) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.25.
Several analysts have issued reports on TPG shares. Morgan Stanley upped their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI upped their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. TD Cowen lowered their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.
View Our Latest Analysis on TPG
Hedge Funds Weigh In On TPG
TPG Stock Performance
TPG opened at $68.44 on Wednesday. The firm has a market capitalization of $24.97 billion, a PE ratio of -195.54, a PEG ratio of 1.07 and a beta of 1.53. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a twelve month low of $26.81 and a twelve month high of $69.86. The firm’s 50-day moving average price is $57.46 and its 200 day moving average price is $48.61.
TPG (NASDAQ:TPG – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. During the same period in the previous year, the firm posted $0.26 EPS. As a group, sell-side analysts expect that TPG will post 1.96 EPS for the current fiscal year.
TPG Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. TPG’s dividend payout ratio (DPR) is presently -479.99%.
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.
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