TPG (NASDAQ:TPG) Earns “Market Perform” Rating from JMP Securities

TPG (NASDAQ:TPG)‘s stock had its “market perform” rating reaffirmed by stock analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. TD Cowen cut 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. The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company cut their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus price target of $63.08.

TPG Price Performance

NASDAQ:TPG traded down $0.65 during trading hours on Thursday, hitting $60.20. The company’s stock had a trading volume of 344,578 shares, compared to its average volume of 881,085. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a fifty day simple moving average of $65.50 and a 200-day simple moving average of $60.92. The company has a market capitalization of $21.97 billion, a P/E ratio of -176.92, a PEG ratio of 0.88 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.69% and a return on equity of 23.45%. On average, analysts anticipate that TPG will post 1.95 EPS for the current fiscal year.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 76.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On TPG

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock worth $519,438,000 after purchasing an additional 162,107 shares during the period. Franklin Resources Inc. increased its position in TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after buying an additional 992,818 shares during the period. JPMorgan Chase & Co. boosted its holdings in TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after acquiring an additional 1,596,254 shares in the last quarter. Finally, Norges Bank acquired a new stake in TPG in the fourth quarter valued at approximately $100,675,000. 94.03% of the stock is currently owned by institutional investors.

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.