According to a recent report by Stock Target Advisor, TPG Stock (TPG:NSD) has been given an average rating of “Buy” by the seventeen analysts covering the stock. The average 1-year price target among these analysts is $35.67.
TPG Stock-Analyst Ratings:
Several brokerages have recently weighed in on TPG, with Credit Suisse Group reissuing a “Neutral” rating and a $36.00 price target.
Meanwhile, JPMorgan Chase & Co. lowered their rating from “Overweight” to “Neutral” and decreased their price target for the company from $35.00 to $34.00.
However, Keefe, Bruyette & Woods boosted their price target on TPG from $37.00 to $38.00 and Deutsche Bank Aktiengesellschaft increased their target price from $43.00 to $44.00.
Hedge Funds & Institutional Holdings:
Institutional investors have also been active in the stock, with Vanguard Group Inc. increasing its position in TPG by 58.4% during the 3rd quarter. Capital International Investors and Capital Research Global Investors both acquired new stakes in the company during the 1st quarter, while Pendal Group Ltd did the same during the 3rd quarter.
Massachusetts Financial Services Co. MA lifted its position in shares of TPG by 0.8% during the 3rd quarter. Currently, institutional investors and hedge funds own 12.94% of TPG stock.
TPG Stock Price Analysis:
TPG’s shares opened at $28.41 on Tuesday, trading down 0.4%. The stock has a 50-day moving average of $31.64 and a 200-day moving average of $31.35.
TPG’s market cap is $8.78 billion, with a PE ratio of -142.04, a P/E/G ratio of 1.25, and a beta of 1.61. The company’s 12-month low is $23.09 and its 12-month high is $44.43. TPG has a debt-to-equity ratio of 0.14, a current ratio of 0.33, and a quick ratio of 0.33.
TPG Stock Dividend:
TPG recently announced an increase in its quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Monday, February 27th were given a $0.50 dividend, representing a $2.00 dividend on an annualized basis and a yield of 7.04%.
This is an increase from TPG’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 24th. TPG’s dividend payout ratio is -999.95%. Analysts predict that TPG will post earnings per share of 1.86 for the current fiscal year.
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.
The company invests in private equity funds, real estate funds, hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. is a subsidiary of TPG GP A, LLC.