TPG (NASDAQ:TPG) Stock Gets Price Target Trim from TD Cowen

TPG (NASDAQ:TPG) had its target price decreased by TD Cowen from $64.00 to $60.00 in a report released on Monday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

TPG has been the topic of several other research reports. Barclays dropped their price objective on shares of TPG from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. UBS Group increased their target price on shares of TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Citigroup reissued an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Evercore set a $50.00 price target on shares of TPG in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada upped their price target on shares of TPG from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TPG has an average rating of “Moderate Buy” and a consensus price target of $61.07.

TPG Trading Down 1.6%

NASDAQ:TPG opened at $42.22 on Monday. 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 fifty-two week low of $36.95 and a fifty-two week high of $70.38. The stock’s 50-day moving average is $48.61 and its two-hundred day moving average is $44.47. The stock has a market cap of $16.23 billion, a PE ratio of 63.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to the consensus estimate of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities research analysts forecast that TPG will post 2.81 earnings per share for the current fiscal year.

TPG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, August 14th. TPG’s payout ratio is presently 357.58%.

Institutional Investors Weigh In On TPG

A number of large investors have recently bought and sold shares of TPG. Mather Group LLC. bought a new position in TPG during the third quarter valued at about $45,000. Fearless Solutions LLC dba Best Invest lifted its position in shares of TPG by 48.9% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 26,230 shares of the company’s stock worth $1,158,000 after buying an additional 8,610 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of TPG during the 3rd quarter worth about $330,000. Stableford Capital II LLC bought a new stake in shares of TPG during the 3rd quarter worth about $1,288,000. Finally, QRG Capital Management Inc. boosted its stake in shares of TPG by 3.0% during the 2nd quarter. QRG Capital Management Inc. now owns 8,145 shares of the company’s stock worth $330,000 after acquiring an additional 237 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Company Profile

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.