TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Hold” by Analysts

Posted by Defense World Staff on Jul 31st, 2023

TPG Inc. (NASDAQ:TPG – Get Free Report) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.96.

Several research analysts have recently commented on TPG shares. Evercore ISI decreased their price target on shares of TPG from $34.00 to $33.00 in a report on Tuesday, May 16th. Credit Suisse Group dropped their target price on shares of TPG from $33.00 to $32.50 in a report on Friday, May 19th. Citigroup boosted their target price on shares of TPG from $32.00 to $34.00 in a research report on Tuesday, July 18th. Bank of America cut their target price on shares of TPG from $34.00 to $28.00 in a research note on Wednesday, May 17th. Finally, UBS Group decreased their price objective on shares of TPG from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th.

Institutional Investors Weigh In On TPG

A number of institutional investors have recently modified their holdings of the stock. Simplicity Solutions LLC increased its position in TPG by 1.5% in the second quarter. Simplicity Solutions LLC now owns 53,400 shares of the company’s stock worth $1,562,000 after buying an additional 779 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of TPG during the 2nd quarter worth approximately $2,267,000. Renaissance Capital LLC raised its position in TPG by 23.1% during the 2nd quarter. Renaissance Capital LLC now owns 25,196 shares of the company’s stock valued at $737,000 after purchasing an additional 4,726 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in TPG during the 2nd quarter valued at $502,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of TPG in the 2nd quarter valued at $210,000. 12.48% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Up 0.9 %

NASDAQ TPG opened at $30.09 on Monday. TPG has a 52-week low of $24.74 and a 52-week high of $44.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $9.30 billion, a P/E ratio of -94.03, a P/E/G ratio of 1.71 and a beta of 1.49. The firm has a 50-day moving average price of $28.69 and a 200 day moving average price of $29.74.

TPG (NASDAQ:TPG – Get Free Report) last released its quarterly earnings results on Monday, May 15th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.08). The firm had revenue of $265.45 million for the quarter, compared to analyst estimates of $272.48 million. Equities research analysts expect that TPG will post 1.38 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Thursday, May 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.80 annualized dividend and a yield of 2.66%. TPG’s payout ratio is currently -250.00%.

About TPG

(Get Free Report

TPG Inc operates as an alternative asset manager in the United States and internationally. It offers investment management services to TPG Funds, limited partners, and other vehicles; 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.