TPG (NASDAQ:TPG - Get Free Report) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $62.00 to $70.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 7.99% from the stock's current price.
Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the company a "buy" rating in a research report on Monday, November 11th. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research note on Thursday. Evercore ISI lifted their target price on shares of TPG from $46.00 to $60.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their target price on shares of TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $63.00.
Check Out Our Latest Research Report on TPG
TPG Stock Performance
TPG stock traded up $0.84 during midday trading on Friday, reaching $64.82. 1,896,808 shares of the stock traded hands, compared to its average volume of 913,151. TPG has a fifty-two week low of $38.20 and a fifty-two week 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 firm has a market cap of $23.66 billion, a price-to-earnings ratio of -190.64, a PEG ratio of 1.11 and a beta of 1.46. The firm has a fifty day moving average price of $67.03 and a two-hundred day moving average price of $54.80.
TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. During the same quarter in the previous year, the business earned $0.56 EPS. On average, equities research analysts forecast that TPG will post 1.95 earnings per share for the current year.
Institutional Trading of TPG
A number of large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company's stock valued at $278,161,000 after acquiring an additional 366,306 shares during the last quarter. Millennium Management LLC increased its holdings in TPG by 32.4% during the 2nd 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. increased 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 purchasing an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC raised its position in 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 purchasing an additional 992,818 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in TPG by 7.7% in the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after purchasing an additional 102,663 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.
TPG Company Profile
(
Get Free Report)
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.
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