TPG (NASDAQ:TPG) Stock Price Expected to Rise, Evercore ISI Analyst Says

TPG (NASDAQ:TPG) had its target price raised by equities research analysts at Evercore ISI from $65.00 to $66.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 12.84% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. TD Cowen lowered their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.08.

TPG Stock Performance

NASDAQ TPG opened at $58.49 on Wednesday. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of -172.02, a PEG ratio of 0.88 and a beta of 1.49. The business’s 50 day moving average is $65.27 and its two-hundred day moving average is $60.90. TPG has a 12-month low of $39.18 and a 12-month high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 23.45% and a net margin of 0.69%. Research analysts expect that TPG will post 1.95 EPS for the current year.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.48% of the stock is currently owned by company insiders.

Institutional Trading of TPG

A number of institutional investors have recently modified their holdings of the company. Creative Planning lifted its holdings in shares of TPG by 25.0% during the 2nd quarter. Creative Planning now owns 6,933 shares of the company’s stock valued at $287,000 after acquiring an additional 1,388 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of TPG during the third quarter worth about $222,000. Renaissance Capital LLC boosted its position in shares of TPG by 20.0% in the third quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock worth $5,216,000 after buying an additional 15,131 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of TPG in the third quarter valued at about $4,304,000. Finally, Signaturefd LLC raised its holdings in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. Hedge funds and other 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.