TD Cowen Has Lowered Expectations for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price target reduced by research analysts at TD Cowen from $62.00 to $58.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential downside of 12.69% from the stock’s previous close.

Several other research firms also recently issued reports on TPG. JPMorgan Chase & Co. upped their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Evercore ISI increased their target price on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their target price on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.50.

TPG Stock Performance

NASDAQ TPG opened at $66.43 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 1 year low of $30.54 and a 1 year high of $69.86. The company has a market capitalization of $24.24 billion, a PE ratio of -195.38, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a fifty day moving average of $59.65 and a two-hundred day moving average of $49.64.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.57%. The company had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, analysts expect that TPG will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in TPG by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after buying an additional 230 shares in the last quarter. KBC Group NV increased its holdings in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in TPG by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after buying an additional 500 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in TPG in the second quarter valued at about $25,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

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.