TPG (NASDAQ:TPG) Price Target Cut to $48.00 by Analysts at BMO Capital Markets

TPG (NASDAQ:TPG) had its price objective cut by equities researchers at BMO Capital Markets from $60.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 20.05% from the company’s previous close.

A number of other analysts have also recently commented on the company. Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Monday, February 9th. Evercore set a $56.00 price objective on shares of TPG in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Finally, Citigroup upgraded shares of TPG to an “outperform” rating in a report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, TPG has an average rating of “Moderate Buy” and an average target price of $65.67.

TPG Trading Up 0.1%

Shares of TPG stock traded up $0.03 on Tuesday, hitting $39.99. The stock had a trading volume of 1,888,704 shares, compared to its average volume of 3,848,509. TPG has a one year low of $37.52 and a one year high of $70.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $50.73 and its two-hundred day simple moving average is $56.82. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 90.87, a PEG ratio of 0.59 and a beta of 1.55.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, sell-side analysts predict that TPG will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of TPG in the fourth quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after buying an additional 649 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new position in TPG during the third quarter worth about $51,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.