TPG (NASDAQ:TPG) Price Target Raised to $83.00

TPG (NASDAQ:TPGFree Report) had its price target increased by Wells Fargo & Company from $68.00 to $83.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the stock. TD Cowen cut their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Evercore ISI boosted their price target on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Morgan Stanley raised their price objective on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets boosted their target price on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report 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, TPG has a consensus rating of “Hold” and an average target price of $60.08.

Read Our Latest Analysis on TPG

TPG Trading Down 2.2 %

Shares of NASDAQ:TPG opened at $66.88 on Thursday. The business has a fifty day simple moving average of $66.58 and a 200-day simple moving average of $54.23. TPG has a 52 week low of $38.20 and a 52 week high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPGGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS 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 previous year, the business earned $0.56 EPS. On average, sell-side analysts predict that TPG will post 1.95 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. TPG’s dividend payout ratio is currently -447.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in TPG in the 2nd quarter worth $25,000. Signaturefd LLC increased its position in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the last quarter. Covestor Ltd lifted its stake in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares in the last quarter. KBC Group NV boosted its holdings in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the last quarter. Finally, Quarry LP grew its stake in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other 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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