TPG (NASDAQ:TPG) Raised to “Moderate Buy” at Keefe, Bruyette & Woods

TPG (NASDAQ:TPG) was upgraded by equities research analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on TPG. TD Cowen dropped their target price on shares of TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. BMO Capital Markets reduced their price target on shares of TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Citigroup reaffirmed an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Morgan Stanley dropped their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Wall Street Zen cut shares of TPG from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

TPG Trading Down 2.5%

Shares of TPG stock opened at $41.79 on Monday. The company has a market cap of $16.06 billion, a P/E ratio of 189.96, a PEG ratio of 0.79 and a beta of 1.45. The stock has a 50 day simple moving average of $41.92 and a two-hundred day simple moving average of $46.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The firm had revenue of $557.18 million for the quarter, compared to analyst estimates of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Research analysts forecast that TPG will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On TPG

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in TPG by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after buying an additional 314,295 shares during the last quarter. Capital International Investors boosted its stake in shares of TPG by 0.4% in the 4th quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock worth $749,142,000 after buying an additional 52,213 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake 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 worth $406,239,000 after buying an additional 1,236,526 shares during the last quarter. Darlington Partners Capital Management LP bought a new position in shares of TPG in the second quarter valued at approximately $258,581,000. Finally, Millennium Management LLC increased its position in shares of TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after acquiring an additional 1,837,799 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.