TPG (NASDAQ:TPG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

TPG (NASDAQ:TPG - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $68.00 to $83.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 21.40% from the company's current price.

Several other research analysts have also issued reports on the company. Morgan Stanley increased their price target on TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their price target 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. Evercore ISI raised their price objective on shares of TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, TD Cowen dropped their price target on shares of TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.08.

TPG Trading Down 3.0 %

TPG traded down $2.09 during trading on Thursday, reaching $68.37. 971,823 shares of the company's stock were exchanged, compared to its average volume of 899,647. The stock has a market capitalization of $24.95 billion, a PE ratio of -201.09, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The firm has a fifty day moving average price of $66.26 and a two-hundred day moving average price of $53.90. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a one year low of $37.14 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 23.45% and a net margin of 0.69%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, equities research analysts forecast that TPG will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of TPG

Several hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of TPG during the 2nd quarter worth $25,000. Signaturefd LLC lifted its holdings in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company's stock valued at $62,000 after purchasing an additional 188 shares during the last quarter. Covestor Ltd boosted its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company's stock worth $107,000 after purchasing an additional 1,715 shares during the period. KBC Group NV increased its stake in shares of TPG by 25.1% in the third 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 raised its position in shares of TPG by 136.2% in the third 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 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.