TD Cowen Lowers TPG (NASDAQ:TPG) Price Target to $42.00

TPG (NASDAQ:TPG) had its price target lowered by TD Cowen from $65.00 to $42.00 in a research report sent to investors on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other analysts also recently commented on the company. Wells Fargo & Company lowered their price objective on TPG from $66.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday. JMP Securities reissued a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Evercore ISI raised their price target on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.62.

TPG Stock Performance

TPG opened at $44.59 on Wednesday. TPG has a 1-year low of $37.52 and a 1-year high of $72.98. The company has a market cap of $16.47 billion, a price-to-earnings ratio of -101.34, a PEG ratio of 0.80 and a beta of 1.58. The company’s fifty day moving average price is $51.73 and its two-hundred day moving average price is $60.73. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, analysts expect that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.75%. TPG’s dividend payout ratio is presently -481.82%.

Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TPG

A number of large investors have recently made changes to their positions in TPG. Vanguard Group Inc. raised its stake in shares of TPG by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock valued at $519,438,000 after purchasing an additional 162,107 shares during the period. Capital World Investors grew its holdings in TPG by 484.6% during the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after buying an additional 2,541,013 shares in the last quarter. Franklin Resources Inc. grew its holdings in TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TPG by 43.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock valued at $141,584,000 after buying an additional 683,572 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock worth $141,001,000 after buying an additional 898,943 shares in the last quarter. 94.03% of the stock is 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.