TPG (NASDAQ:TPG) Given New $77.00 Price Target at The Goldman Sachs Group

TPG (NASDAQ:TPG) had its target price upped by The Goldman Sachs Group from $67.00 to $77.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen lowered their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. BMO Capital Markets upped their target price on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, TPG presently has an average rating of “Hold” and a consensus price target of $58.83.

TPG Stock Performance

Shares of TPG opened at $70.66 on Tuesday. TPG has a 1 year low of $34.07 and a 1 year high of $70.83. The stock has a market capitalization of $25.79 billion, a PE ratio of -207.82, a PEG ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50-day simple moving average of $63.01 and a 200-day simple moving average of $51.27.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter in the previous year, the business posted $0.56 EPS. On average, analysts predict 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 will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.15%. TPG’s payout ratio is -447.05%.

Institutional Investors Weigh In On TPG

Several hedge funds have recently modified their holdings of TPG. International Assets Investment Management LLC purchased a new position in TPG during the 2nd quarter worth $25,000. Signaturefd LLC raised its holdings in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd raised its holdings in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG in the first quarter valued at about $112,000. Finally, KBC Group NV boosted its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares in the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

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.