TPG (NASDAQ:TPG) Price Target Increased to $60.00 by Analysts at Evercore ISI

TPG (NASDAQ:TPG) had its price target hoisted by Evercore ISI from $46.00 to $60.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other equities research analysts also recently commented on TPG. JPMorgan Chase & Co. raised their target price on TPG from $44.00 to $49.00 and gave the company a neutral rating in a report on Wednesday, August 7th. The Goldman Sachs Group raised their price objective on TPG from $60.00 to $63.00 and gave the company a buy rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price objective on TPG from $60.00 to $67.00 and gave the company an overweight rating in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on TPG from $55.00 to $73.00 and gave the company an overweight rating in a research note on Thursday, October 10th. Finally, TD Cowen decreased their target price on TPG from $44.00 to $42.00 and set a hold rating for the company in a research report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average target price of $52.25.

TPG Stock Down 0.2 %

TPG opened at $60.41 on Monday. The business’s fifty day simple moving average is $53.17 and its 200 day simple moving average is $46.93. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a 52 week low of $26.62 and a 52 week high of $61.41. The firm has a market cap of $22.04 billion, a P/E ratio of -172.60, a PEG ratio of 0.97 and a beta of 1.53.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million for the quarter, compared to the consensus estimate of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period last year, the business posted $0.26 EPS. As a group, equities research analysts anticipate that TPG will post 1.99 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 16th. TPG’s payout ratio is presently -479.99%.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the completion of the transaction, the director now directly owns 17,536 shares of the company’s stock, valued at $816,300.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 76.48% of the stock is currently owned by company insiders.

Institutional Trading of TPG

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in shares of TPG by 45.2% in the 1st quarter. Swiss National Bank now owns 155,100 shares of the company’s stock worth $6,933,000 after acquiring an additional 48,300 shares during the period. Capital International Investors lifted its stake in shares of TPG by 9.6% in the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after acquiring an additional 336,665 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of TPG in the 1st quarter worth approximately $5,016,000. Seven Eight Capital LP acquired a new stake in shares of TPG in the 1st quarter worth approximately $935,000. Finally, Vanguard Group Inc. lifted its stake in shares of TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after acquiring an additional 1,305,799 shares during the period. 86.79% of the stock is owned by institutional investors and hedge funds.

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.