TPG (NASDAQ:TPG) Stock Price Expected to Rise, Evercore ISI Analyst Says

TPG (NASDAQ:TPG) had its price objective raised by stock analysts at Evercore ISI from $65.00 to $66.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential upside of 12.84% from the stock’s current price.

A number of other research analysts have also recently commented on the company. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upped their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen decreased their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.08.

TPG Trading Down 3.9 %

Shares of TPG stock opened at $58.49 on Wednesday. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of -172.02, a PEG ratio of 0.88 and a beta of 1.49. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50 day moving average of $65.27 and a 200 day moving average of $60.90.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 23.45% and a net margin of 0.69%. As a group, research analysts predict that TPG will post 1.95 earnings per share for the current year.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TPG. Signaturefd LLC increased its stake in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares during the period. Treasurer of the State of North Carolina increased its position in TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock valued at $2,322,000 after acquiring an additional 230 shares during the period. Shoker Investment Counsel Inc. raised its stake in TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock valued at $244,000 after acquiring an additional 366 shares during the last quarter. KBC Group NV lifted its position in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of TPG by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.