TPG (NASDAQ:TPG) Given New $68.00 Price Target at Royal Bank Of Canada

TPG (NASDAQ:TPG) had its price objective upped by research analysts at Royal Bank Of Canada from $65.00 to $68.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 44.73% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of TPG from $56.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group upped their price objective on TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays lifted their target price on shares of TPG from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings downgraded TPG from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, TD Cowen reduced their target price on TPG from $64.00 to $60.00 and set a “buy” rating for the company in a report on Monday, October 12th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TPG has an average rating of “Moderate Buy” and a consensus target price of $62.00.

TPG Trading Down 2.0%

TPG stock traded down $0.95 during midday trading on Friday, hitting $46.98. The company had a trading volume of 607,002 shares, compared to its average volume of 2,955,356. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $47.09 and its 200 day moving average price is $45.97. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 71.30, a PEG ratio of 0.84 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $624.66 million. During the same period in the prior year, the firm posted $0.53 EPS. TPG’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, equities research analysts expect that TPG will post 2.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPG. Wellington Management Group LLP increased its stake in shares of TPG by 38.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock worth $446,840,000 after purchasing an additional 3,041,560 shares in the last quarter. Jackson Brooke LLC acquired a new stake in shares of TPG during the second quarter worth approximately $92,395,080. Junto Capital Management LP acquired a new position in TPG in the second quarter worth about $82,794,000. Temasek Holdings Private Ltd boosted its holdings in shares of TPG by 14.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after buying an additional 1,236,526 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TPG in the 2nd quarter worth about $28,013,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about TPG

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Analysts raised their price targets. Wells Fargo increased its target from $47 to $52 while maintaining an “equal weight” rating. Barclays raised its target from $60 to $61 and maintained an “overweight” rating, signaling additional upside potential. Wells Fargo analyst action Barclays analyst action
• Positive Sentiment: Third-quarter earnings exceeded expectations. TPG reported adjusted earnings of $0.65 per share versus the $0.63 consensus estimate, while revenue reached $1.22 billion, more than double the cited analyst estimate and up 25.3% year over year. The company’s results also reflected higher fee-related earnings, which reportedly rose 43%. TPG third-quarter earnings report
• Positive Sentiment: Fundraising and growth initiatives remain key catalysts. TPG reportedly expects to raise a record $55 billion this year and has launched a $10 billion climate fund, developments that could support future fee growth and expand its alternative-asset platform. TPG fundraising report TPG climate fund report
• Neutral Sentiment: TPG is pursuing additional investment opportunities. Reports say the firm is in talks to acquire Ark Data Centres for approximately $5 billion and is increasing its exposure to medical buildings. These moves could broaden its asset base but also require substantial capital and execution in challenging commercial real estate markets. TPG Ark Data Centres report
• Negative Sentiment: TPG cut its quarterly dividend. The company declared a $0.55-per-share dividend, down from $0.59 previously. Although the annualized yield remains approximately 4.6%, the reduction may concern income-focused investors and is likely weighing on sentiment.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.