TPG (NASDAQ:TPG) Upgraded at Wall Street Zen

TPG (NASDAQ:TPG) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other analysts have also recently issued reports about the company. Evercore set a $47.00 price target on TPG in a research note on Tuesday, April 21st. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Monday, February 9th. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 target price on shares of TPG in a research note on Tuesday, May 5th. BMO Capital Markets reduced their price target on TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Trading Down 2.3%

Shares of TPG stock opened at $41.19 on Friday. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The stock has a 50 day moving average of $41.88 and a 200 day moving average of $50.95. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 187.24, a PEG ratio of 0.74 and a beta of 1.44. 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 (NASDAQ:TPG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million during 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 quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. As a group, research analysts predict that TPG will post 2.86 earnings per share for the current year.

Institutional Investors Weigh In On TPG

Institutional investors have recently modified their holdings of the stock. Darlington Partners Capital Management LP bought a new position in TPG in the second quarter worth about $258,581,000. Millennium Management LLC boosted its holdings in shares of TPG by 66.9% in 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 in the last quarter. Norges Bank bought a new position in shares of TPG in the fourth quarter valued at approximately $106,755,000. Bank of America Corp DE boosted its holdings in shares of TPG by 72.7% in the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after acquiring an additional 1,501,808 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in shares of TPG by 14.1% in the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after acquiring an additional 1,236,526 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Company Profile

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.