Morgan Stanley Reaffirms Equal Weight Rating for TPG (NASDAQ:TPG)

TPG (NASDAQ:TPG - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities researchers at Morgan Stanley in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $47.00 target price on the stock, down from their prior target price of $80.00. Morgan Stanley's target price suggests a potential upside of 8.02% from the stock's current price.

A number of other research firms also recently commented on TPG. The Goldman Sachs Group dropped their price objective on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Citigroup dropped their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. TD Cowen cut their price objective on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their target price on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $58.25.

TPG Stock Performance

TPG stock traded up $0.01 during trading on Monday, reaching $43.51. 1,268,373 shares of the company's stock were exchanged, compared to its average volume of 1,114,449. The firm has a market cap of $16.08 billion, a PE ratio of -98.89, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a 1-year low of $37.52 and a 1-year high of $72.98. The company's fifty day moving average price is $49.86 and its 200-day moving average price is $60.23.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, research analysts expect that TPG will post 2.52 EPS for the current fiscal year.

Insider Transactions at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 76.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TPG. Vicus Capital purchased a new stake in shares of TPG during the 1st quarter worth about $204,000. QRG Capital Management Inc. raised its position in TPG by 7.0% during the first quarter. QRG Capital Management Inc. now owns 8,010 shares of the company's stock valued at $380,000 after acquiring an additional 521 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in TPG in the first quarter valued at approximately $522,000. GAMMA Investing LLC grew its position in TPG by 5,612.3% in the first quarter. GAMMA Investing LLC now owns 28,790 shares of the company's stock worth $1,366,000 after acquiring an additional 28,286 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of TPG by 12,263.6% during the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

About TPG

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.