TPG (NASDAQ:TPG) Now Covered by Wells Fargo & Company

Equities research analysts at Wells Fargo & Company assumed coverage on shares of TPG (NASDAQ:TPG) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set an “equal weight” rating and a $47.00 price target on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.22% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada raised their price target on TPG from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley reduced their price objective on TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings raised TPG from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. BMO Capital Markets cut their target price on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Barclays lifted their price target on shares of TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, TPG presently has an average rating of “Moderate Buy” and a consensus price target of $61.87.

TPG Stock Down 0.1%

Shares of NASDAQ:TPG opened at $44.67 on Friday. The firm has a fifty day moving average price of $48.69 and a two-hundred day moving average price of $44.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. TPG has a one year low of $36.95 and a one year high of $70.38. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 0.74 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm had revenue of $628.19 million for the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 23.9% on a year-over-year basis. Analysts anticipate that TPG will post 2.88 EPS for the current fiscal year.

Institutional Investors Weigh In On TPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CX Institutional grew its holdings in TPG by 481.4% in the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock worth $27,000 after acquiring an additional 544 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of TPG during the fourth quarter valued at about $70,000. Leonteq Securities AG purchased a new stake in shares of TPG during the first quarter worth about $81,000. Sunbelt Securities Inc. grew its stake in shares of TPG by 2,986.6% in the first quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock worth $84,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of TPG by 15.5% in the first quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock worth $85,000 after purchasing an additional 281 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

About TPG

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.