TPG (NASDAQ:TPG) Stock Rating Upgraded by Citizens Jmp

TPG (NASDAQ:TPG) was upgraded by stock analysts at Citizens Jmp from a “market perform” rating to an “outperform” rating in a research report issued on Monday, MarketBeat.com reports. The firm currently has a $75.00 price objective on the stock. Citizens Jmp’s price objective points to a potential upside of 41.30% from the stock’s current price.

Several other analysts also recently issued reports on the company. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of TPG in a report on Wednesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 target price on shares of TPG in a research report on Tuesday, January 6th. JPMorgan Chase & Co. cut their price target on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. UBS Group upped their price target on shares of TPG from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, TD Cowen reiterated a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.00.

TPG Price Performance

Shares of NASDAQ:TPG opened at $53.08 on Monday. The company has a market capitalization of $20.07 billion, a PE ratio of 120.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a fifty day moving average of $63.20 and a 200-day moving average of $60.17. TPG has a one year low of $37.52 and a one year high of $70.38.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. TPG had a return on equity of 26.96% and a net margin of 3.95%.The company had revenue of $628.48 million for the quarter, compared to analyst estimates of $548.40 million. During the same period in the previous year, the firm earned $0.62 earnings per share. TPG’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts anticipate that TPG will post 2.52 EPS for the current fiscal year.

Hedge Funds Weigh In On TPG

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of TPG by 19.5% during the 3rd quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after acquiring an additional 200 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in TPG by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 234 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in TPG by 3.1% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock worth $411,000 after purchasing an additional 238 shares during the period. Lazard Asset Management LLC boosted its position in TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after purchasing an additional 238 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its holdings in TPG by 2.5% during the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after purchasing an additional 253 shares during the last quarter. 94.03% of the stock is currently owned by hedge funds and other 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.