Wells Fargo & Company Has Lowered Expectations for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG - Get Free Report) had its target price dropped by stock analysts at Wells Fargo & Company from $66.00 to $52.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 16.62% from the stock's previous close.

Several other analysts have also issued reports on the stock. Bank of America reduced their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Evercore ISI boosted their price objective on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Citigroup lowered their price target 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. JMP Securities reissued a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their target price on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.42.

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TPG Trading Up 1.8 %

Shares of NASDAQ:TPG traded up $0.79 during trading on Tuesday, reaching $44.59. The stock had a trading volume of 2,045,526 shares, compared to its average volume of 1,100,284. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm's fifty day moving average is $51.73 and its 200 day moving average is $60.75. TPG has a 52 week low of $37.52 and a 52 week high of $72.98. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of -101.34, a P/E/G ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. As a group, equities analysts forecast 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 dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares of the company's stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

Hedge Funds Weigh In On TPG

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in TPG by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock worth $1,357,000 after purchasing an additional 3,802 shares in the last quarter. State Street Corp lifted its position in TPG by 5.0% during the third quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after buying an additional 67,597 shares during the period. EP Wealth Advisors LLC purchased a new stake in TPG during the 3rd quarter valued at about $461,000. Barclays PLC increased its position in shares of TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after acquiring an additional 597,972 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 during the last quarter. 94.03% 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.