TPG (NASDAQ:TPG) Given New $77.00 Price Target at The Goldman Sachs Group

TPG (NASDAQ:TPG) had its price target increased by The Goldman Sachs Group from $67.00 to $77.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Evercore ISI increased their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen lowered their target price on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley boosted their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TPG presently has an average rating of “Hold” and an average price target of $58.83.

TPG Trading Up 2.2 %

Shares of TPG stock opened at $67.92 on Tuesday. TPG has a fifty-two week low of $34.07 and a fifty-two week high of $70.67. 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 simple moving average of $62.36 and a two-hundred day simple moving average of $51.02. The company has a market cap of $24.79 billion, a P/E ratio of -199.76, a PEG ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter in the previous year, the business posted $0.56 EPS. Research analysts forecast that TPG will post 1.94 earnings per share for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, November 14th. TPG’s payout ratio is currently -447.05%.

Institutional Investors Weigh In On TPG

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of TPG in the 2nd quarter worth approximately $25,000. Signaturefd LLC lifted its holdings in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the period. Covestor Ltd lifted its holdings in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TPG in the first quarter worth $112,000. Finally, KBC Group NV increased its position in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

About TPG

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.