TPG (NASDAQ:TPG) Price Target Raised to $70.00 at Keefe, Bruyette & Woods

TPG (NASDAQ:TPG) had its price target lifted by Keefe, Bruyette & Woods from $62.00 to $70.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

TPG has been the topic of several other reports. BMO Capital Markets lifted their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday. TD Cowen dropped their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI upped their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TPG has an average rating of “Hold” and a consensus target price of $63.00.

TPG Stock Up 1.3 %

Shares of TPG stock opened at $64.82 on Friday. TPG has a 12-month low of $38.20 and a 12-month high of $72.98. The firm has a market capitalization of $23.66 billion, a PE ratio of -190.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.46. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $67.11 and its 200-day moving average is $55.06.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. During the same quarter in the previous year, the company earned $0.56 EPS. Equities analysts anticipate that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s payout ratio is -447.06%.

Institutional Trading of TPG

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in TPG by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 570,725 shares of the company’s stock valued at $23,657,000 after buying an additional 46,386 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of TPG by 1,871.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,210 shares of the company’s stock worth $257,000 after purchasing an additional 5,895 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TPG by 24.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,740 shares of the company’s stock worth $694,000 after purchasing an additional 3,260 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in TPG during the 2nd quarter valued at approximately $946,000. Finally, iA Global Asset Management Inc. grew its holdings in TPG by 23.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 17,096 shares of the company’s stock valued at $709,000 after buying an additional 3,229 shares during the last quarter. Institutional investors 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.