BMO Capital Markets Increases TPG (NASDAQ:TPG) Price Target to $73.00

TPG (NASDAQ:TPG) had its target price boosted by research analysts at BMO Capital Markets from $60.00 to $73.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 12.62% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen reduced their price objective 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. Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI raised their price objective on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company boosted their target price on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TPG currently has an average rating of “Hold” and a consensus target price of $63.00.

TPG Trading Up 1.3 %

Shares of TPG stock opened at $64.82 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The company has a fifty day moving average of $67.03 and a 200 day moving average of $54.80. The company has a market capitalization of $23.66 billion, a P/E ratio of -190.64, a P/E/G ratio of 1.11 and a beta of 1.46. TPG has a fifty-two week low of $38.20 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates 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 company posted $0.56 earnings per share. On average, sell-side analysts anticipate that TPG will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of TPG

Several hedge funds and other institutional investors have recently bought and sold shares of TPG. Signaturefd LLC increased its position 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 acquiring an additional 188 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after purchasing an additional 230 shares during the period. KBC Group NV grew its holdings in TPG by 25.1% during the 3rd 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. International Assets Investment Management LLC purchased a new stake in TPG in the 2nd quarter worth about $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TPG by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after purchasing an additional 965 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.