TPG (NASDAQ:TPG) Earns Market Perform Rating from JMP Securities

TPG (NASDAQ:TPG)‘s stock had its “market perform” rating reissued by JMP Securities in a research report issued on Thursday,Benzinga reports.

A number of other brokerages have also recently commented on TPG. Deutsche Bank Aktiengesellschaft upped their target price on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group upped their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen reduced their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.08.

TPG Stock Performance

NASDAQ TPG opened at $59.38 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The company has a market capitalization of $21.67 billion, a PE ratio of -174.64, a P/E/G ratio of 0.88 and a beta of 1.49. The company has a fifty day moving average of $65.08 and a two-hundred day moving average of $60.97.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.69% and a return on equity of 23.45%. As a group, analysts expect that TPG will post 1.95 earnings per share for the current year.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of the 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 sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

A number of hedge funds have recently bought and sold shares of TPG. Capital World Investors boosted its position in TPG by 484.6% during the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock worth $192,625,000 after acquiring an additional 2,541,013 shares during the last quarter. Norges Bank purchased a new position in TPG during the fourth quarter worth approximately $100,675,000. JPMorgan Chase & Co. raised its stake in TPG by 2,515.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the period. Lord Abbett & CO. LLC raised its stake in TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in TPG by 43.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock worth $141,584,000 after purchasing an additional 683,572 shares during the period. Institutional investors and hedge funds 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.