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

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

Several other research analysts also recently weighed in on the stock. Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. UBS Group boosted their price objective on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup reaffirmed an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Citizens Jmp cut their target price on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Finally, Barclays increased their target price on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.40.

TPG Trading Down 1.0%

TPG stock opened at $43.74 on Friday. The firm has a 50 day moving average of $41.97 and a 200 day moving average of $46.82. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 198.83, a P/E/G ratio of 0.81 and a beta of 1.45. TPG has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts predict that TPG will post 2.85 earnings per share for the current year.

Institutional Trading of TPG

Several hedge funds have recently bought and sold shares of TPG. CX Institutional boosted its holdings in shares of TPG by 481.4% during the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of TPG in the fourth quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 649 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares in the last quarter. Hedge funds and other institutional investors 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.