Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for TPG (NASDAQ:TPG) Stock

TPG (NASDAQ:TPG - Free Report) had its price objective upped by Deutsche Bank Aktiengesellschaft from $67.00 to $69.00 in a research report released on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective 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. The Goldman Sachs Group raised their price objective 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. TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target on shares of TPG from $67.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $57.67.

TPG Trading Up 3.8 %

Shares of NASDAQ:TPG traded up $2.49 during trading on Monday, hitting $68.71. The company had a trading volume of 1,567,267 shares, compared to its average volume of 875,582. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of -202.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. TPG has a one year low of $31.25 and a one year high of $70.67. The company has a fifty day simple moving average of $60.33 and a two-hundred day simple moving average of $50.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $855.40 million for the quarter, compared to analyst estimates 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 posted $0.56 EPS. As a group, equities analysts forecast that TPG will post 1.94 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, November 14th. TPG's payout ratio is -447.06%.

Hedge Funds Weigh In On TPG

Several institutional investors and hedge funds have recently bought and sold shares of TPG. Vanguard Group Inc. lifted its stake in shares of TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company's stock worth $328,826,000 after buying an additional 1,305,799 shares during the period. Millennium Management LLC lifted its stake in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company's stock worth $156,188,000 after buying an additional 922,571 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of TPG by 902.4% during the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company's stock worth $17,352,000 after buying an additional 376,848 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 period. Finally, Capital International Investors lifted its stake in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company's stock worth $172,581,000 after buying an additional 336,665 shares during the period. 86.79% of the stock is owned by hedge funds and other 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.