Wells Fargo & Company Issues Pessimistic Forecast for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price target dropped by research analysts at Wells Fargo & Company from $78.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 32.00% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.18.

TPG Price Performance

NASDAQ:TPG opened at $50.00 on Thursday. TPG has a 1-year low of $39.18 and a 1-year high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $58.69 and a 200 day simple moving average of $61.72. The stock has a market capitalization of $18.47 billion, a PE ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, research analysts expect that TPG will post 2.52 EPS for the current fiscal year.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

Institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in TPG in the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC acquired a new position in TPG in the fourth quarter valued at approximately $67,000. Comerica Bank lifted its stake in TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after buying an additional 450 shares during the period. R Squared Ltd acquired a new position in TPG in the fourth quarter valued at approximately $97,000. Finally, KBC Group NV lifted its stake 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 buying an additional 482 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

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.