TPG (NASDAQ:TPG) Given New $73.00 Price Target at BMO Capital Markets

TPG (NASDAQ:TPG - Free Report) had its price target lifted by BMO Capital Markets from $60.00 to $73.00 in a research note released on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on TPG from $68.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TPG from $67.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Evercore ISI lifted their target price on shares of TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $61.17.

TPG Stock Performance

TPG stock traded up $0.73 during trading hours on Thursday, reaching $63.98. 2,027,857 shares of the company were exchanged, compared to its average volume of 909,136. TPG has a 12 month low of $38.20 and a 12 month high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $67.03 and a 200 day moving average of $54.80. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of -188.17, a PEG ratio of 1.11 and a beta of 1.46.

TPG (NASDAQ:TPG - Get Free Report) 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 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 period in the prior year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, November 14th. TPG's dividend payout ratio (DPR) is presently -447.06%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in TPG by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company's stock worth $278,161,000 after buying an additional 366,306 shares during the last quarter. Millennium Management LLC increased its stake in TPG by 32.4% in the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company's stock valued at $156,188,000 after purchasing an additional 922,571 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock valued at $96,166,000 after buying an additional 992,818 shares during the period. Finally, Geode Capital Management LLC raised its stake in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after buying an additional 102,663 shares during the period. 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.