TPG (NASDAQ:TPG) Price Target Raised to $65.00

TPG (NASDAQ:TPG) had its target price raised by Evercore ISI from $60.00 to $65.00 in a report published on Friday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

TPG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reduced their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

TPG Trading Up 2.3 %

Shares of TPG stock opened at $67.03 on Friday. The company has a market capitalization of $24.46 billion, a PE ratio of -197.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49. TPG has a 52-week low of $38.50 and a 52-week high of $72.98. The business’s fifty day moving average is $66.58 and its 200 day moving average is $58.44. 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 (NASDAQ:TPG) last issued its quarterly earnings data 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 analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts anticipate that TPG will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio (DPR) is currently -447.06%.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in TPG during the fourth quarter worth about $33,000. Signaturefd LLC grew its stake in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the last quarter. Covestor Ltd increased its holdings in shares of TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares in the last quarter. KBC Group NV boosted its stake in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Quarry LP grew its position in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.