TPG (NASDAQ:TPG) Upgraded to “Hold” 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 research analysts have also issued research reports about the stock. UBS Group raised their price objective on shares of TPG from $54.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 4th. Evercore set a $47.00 target price on shares of TPG in a report on Tuesday, April 21st. The Goldman Sachs Group restated a “buy” rating and issued a $61.00 price target on shares of TPG in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a research note on Monday, May 4th. Finally, Citizens Jmp cut their price target on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, TPG has a consensus rating of “Moderate Buy” and an average price target of $61.00.

TPG Price Performance

TPG stock opened at $42.83 on Friday. The stock has a 50-day moving average price of $41.92 and a two-hundred day moving average price of $46.05. TPG has a 12 month low of $36.95 and a 12 month high of $70.38. The company has a market capitalization of $16.46 billion, a PE ratio of 194.69, a P/E/G ratio of 0.79 and a beta of 1.45. 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 released its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The company had revenue of $557.18 million for 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 business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. Analysts expect that TPG will post 2.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TPG. CX Institutional grew its holdings in TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock worth $27,000 after purchasing an additional 544 shares during the period. International Assets Investment Management LLC acquired a new position in shares of TPG during the fourth quarter valued at about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TPG by 268.7% during the 2nd 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

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.