Stocks of TPG Inc. (NASDAQ:TPG) traded higher last session on Wall Street, down -0.25% to $28.05.
According to the data, TPG Inc. (NASDAQ:TPG) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $28.00, we find $32.50. Given the previous closing price of $28.12, this indicates a potential upside of 15.58 percent. TPG stock price is now -2.14% away from the 50-day moving average and -6.33% away from the 200-day moving average. The market capitalization of the company currently stands at $8.69B.
A total of 9 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $31.83 as their price target over the next twelve months.
With the price target of $32, Citigroup recently initiated with Buy rating for TPG Inc. (NASDAQ: TPG).
Insiders disposed of 988,577 shares of company stock worth roughly $27.73 million over the past 1 year. A total of 11.22% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TPG stock. A new stake in TPG Inc. shares was purchased by NUVEEN ASSET MANAGEMENT, LLC during the first quarter worth $3,285,000. NATIONAL BANK OF CANADA /FI/ invested $2,164,000 in shares of TPG during the first quarter. In the first quarter, HIGHLAND CAPITAL MANAGEMENT, LLC acquired a new stake in TPG Inc. valued at approximately $2,138,000. RHUMBLINE ADVISERS acquired a new stake in TPG for approximately $1,997,000. NEW YORK STATE COMMON RETIREMENT FUND purchased a new stake in TPG valued at around $1,759,000 in the second quarter. In total, there are 164 active investors with 65.70% ownership of the company’s stock.
During the past 12 months, TPG Inc. has had a low of $24.74 and a high of $44.43. The fifty day moving average price for TPG is $28.66 and a two-hundred day moving average price translates $29.89 for the stock.
The latest earnings results from TPG Inc. (NASDAQ: TPG) was released for Jun, 2023. According to the Asset Management Company, earnings per share came in at $0.31, missing analysts’ expectations of $0.34 by -0.03. This compares to -$0.37 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 9.80% for TPG. The company reported revenue of $603.27 million for the quarter, compared to $-108.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -657.13 percent. For the current quarter, analysts expect TPG to generate $300.53M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/18/2023 were paid a $0.22 dividend. On an annualized basis, this represents a $0.88 dividend and a 3.14% percent yield. There was an ex-dividend date of 08/17/2023 for this dividend. In terms of dividend payout ratio, TPG is presently at 103.30%.
TPG Inc.(TPG) Company Profile
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.
