TPG (NASDAQ:TPG) Cut to “Sell” at Wall Street Zen

TPG (NASDAQ:TPG) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on TPG. UBS Group raised their price target on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a research report on Monday, May 4th. BMO Capital Markets reduced their target price on shares of TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Morgan Stanley set a $60.00 target price on shares of TPG in a report on Tuesday, April 21st. Finally, Weiss Ratings cut shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Twelve investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Price Performance

NASDAQ:TPG opened at $39.69 on Friday. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 180.42, a PEG ratio of 0.72 and a beta of 1.44. TPG has a 1 year low of $36.95 and a 1 year high of $70.38. The business has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $49.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.48 EPS. Equities analysts forecast that TPG will post 2.86 EPS for the current year.

Hedge Funds Weigh In On TPG

Several hedge funds have recently bought and sold shares of TPG. International Assets Investment Management LLC purchased a new stake in TPG in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares during the period. Finally, Optiver Holding B.V. purchased a new position in TPG in the 3rd quarter worth about $51,000. Institutional investors own 94.03% of the company’s stock.

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.