TPG (NASDAQ:TPG) Price Target Raised to $70.00

TPG (NASDAQ:TPG) had its target price boosted by Keefe, Bruyette & Woods from $62.00 to $70.00 in a report issued on Friday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other research analysts also recently commented on TPG. The Goldman Sachs Group increased their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen reduced their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.00.

TPG Stock Up 1.3 %

Shares of NASDAQ TPG opened at $64.82 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a 1 year low of $38.20 and a 1 year high of $72.98. The stock’s 50-day simple moving average is $67.11 and its 200-day simple moving average is $55.06. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of -190.64, a PEG ratio of 1.11 and a beta of 1.46.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period last year, the business earned $0.56 EPS. As a group, equities analysts anticipate 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 $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is currently -447.06%.

Institutional Inflows and Outflows

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

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.