TPG (NASDAQ:TPG) PT Raised to $67.00

TPG (NASDAQ:TPG) had its price target upped by Wells Fargo & Company from $60.00 to $67.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also weighed in on the company. TD Cowen decreased their target price on TPG from $44.00 to $42.00 and set a hold rating on the stock in a research note on Monday, July 8th. The Goldman Sachs Group upped their target price on TPG from $60.00 to $63.00 and gave the stock a buy rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $51.55.

TPG Price Performance

NASDAQ:TPG opened at $60.54 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a 52-week low of $26.62 and a 52-week high of $61.41. The business’s fifty day moving average is $52.82 and its 200 day moving average is $46.81.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The company had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. During the same period in the previous year, the company posted $0.26 EPS. As a group, equities research analysts forecast that TPG will post 1.99 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.42 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, August 16th. TPG’s dividend payout ratio is presently -479.99%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now directly owns 17,536 shares in the company, valued at approximately $816,300.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its holdings in TPG by 55.5% during the 3rd quarter. Creative Planning now owns 10,784 shares of the company’s stock valued at $621,000 after acquiring an additional 3,851 shares during the period. Ritholtz Wealth Management purchased a new stake in TPG during the 3rd quarter valued at about $222,000. Ghisallo Capital Management LLC purchased a new stake in TPG during the 2nd quarter valued at about $5,181,000. Algert Global LLC purchased a new stake in TPG during the 2nd quarter valued at about $290,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in TPG by 13.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,773 shares of the company’s stock valued at $820,000 after acquiring an additional 2,313 shares during the period. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

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.