TPG (NASDAQ:TPG) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of TPG (NASDAQ:TPG) in a research note released on Friday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $47.00 target price on the stock.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada raised their price objective on TPG from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. TD Cowen upgraded TPG from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Thursday, August 6th. Morgan Stanley dropped their price target on TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 price target on shares of TPG in a research report on Wednesday, August 5th. Finally, Citizens Jmp decreased their price objective on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and an average price target of $61.87.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $44.67 on Friday. The business has a fifty day moving average of $48.69 and a 200-day moving average of $44.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. TPG has a twelve month low of $36.95 and a twelve month high of $70.38. The firm has a market cap of $17.17 billion, a PE ratio of 67.68, a price-to-earnings-growth ratio of 0.74 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The firm had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same period in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts predict that TPG will post 2.88 EPS for the current fiscal year.

TPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, August 14th. TPG’s dividend payout ratio (DPR) is currently 357.58%.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CX Institutional raised its position in TPG by 481.4% during the second quarter. CX Institutional now owns 657 shares of the company’s stock worth $27,000 after acquiring an additional 544 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of TPG in the 4th quarter valued at about $70,000. Leonteq Securities AG bought a new position in shares of TPG in the 1st quarter valued at about $81,000. Sunbelt Securities Inc. increased its stake in shares of TPG by 2,986.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock worth $84,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of TPG by 15.5% during the 1st quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock worth $85,000 after purchasing an additional 281 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.