Wells Fargo & Company Raises TPG (NASDAQ:TPG) Price Target to $68.00

TPG (NASDAQ:TPG) had its price target raised by Wells Fargo & Company from $67.00 to $68.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 0.31% from the stock’s previous close.

A number of other research analysts have also recently commented on TPG. JPMorgan Chase & Co. upped their price target on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Evercore ISI raised their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on TPG from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, TD Cowen cut their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.50.

TPG Stock Up 11.4 %

Shares of NASDAQ:TPG opened at $67.79 on Tuesday. The business has a 50-day moving average price of $58.95 and a 200 day moving average price of $49.39. TPG has a 12-month low of $29.63 and a 12-month high of $69.86. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of -194.11, a PEG ratio of 0.98 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.57%. During the same period in the previous year, the firm earned $0.56 EPS. Sell-side analysts expect that TPG will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TPG. Mirae Asset Global Investments Co. Ltd. lifted its stake in TPG by 5.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock worth $556,000 after purchasing an additional 680 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in TPG by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after acquiring an additional 500 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in TPG in the first quarter valued at $151,000. Quantbot Technologies LP boosted its stake in TPG by 169.4% in the first quarter. Quantbot Technologies LP now owns 36,315 shares of the company’s stock valued at $1,623,000 after acquiring an additional 22,834 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of TPG by 44.7% during the first quarter. SG Americas Securities LLC now owns 5,505 shares of the company’s stock worth $246,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

About TPG

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.