TPG (NASDAQ:TPG) Price Target Raised to $66.00 at Evercore ISI

TPG (NASDAQ:TPG) had its price objective raised by equities research analysts at Evercore ISI from $65.00 to $66.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 8.57% from the stock’s current price.

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

TPG Stock Performance

NASDAQ TPG opened at $60.79 on Wednesday. The business’s 50-day moving average price is $65.68 and its 200 day moving average price is $60.92. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market capitalization of $22.19 billion, a PE ratio of -178.79, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49.

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

Insiders Place Their Bets

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

Institutional Trading of TPG

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in shares of TPG during the fourth quarter worth $33,000. Signaturefd LLC raised its stake in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the period. R Squared Ltd bought a new position in TPG in the fourth quarter worth about $97,000. Covestor Ltd boosted its stake in TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. Finally, KBC Group NV boosted its stake in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Institutional investors and hedge funds 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.