TPG’s (TPG) “Market Perform” Rating Reaffirmed at JMP Securities

TPG (NASDAQ:TPG)‘s stock had its “market perform” rating reissued by JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other equities analysts have also issued reports on TPG. TD Cowen reduced their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Evercore ISI lifted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods increased their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TPG currently has an average rating of “Hold” and an average target price of $63.08.

TPG Stock Down 1.1 %

Shares of TPG stock traded down $0.65 on Thursday, hitting $60.20. The company had a trading volume of 344,578 shares, compared to its average volume of 881,085. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50 day moving average of $65.50 and a 200-day moving average of $60.92. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of -176.92, a P/E/G ratio of 0.88 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 23.45% and a net margin of 0.69%. As a group, sell-side analysts forecast that TPG will post 1.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in shares of TPG in the 4th quarter valued at about $33,000. Signaturefd LLC increased its position in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the last quarter. R Squared Ltd purchased a new stake in TPG in the fourth quarter valued at approximately $97,000. Covestor Ltd grew its stake in TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.