TPG (NASDAQ:TPG) Price Target Increased to $60.00 by Analysts at Evercore ISI

TPG (NASDAQ:TPG) had its price target raised by Evercore ISI from $46.00 to $60.00 in a research report report published on Monday, Benzinga reports. The firm currently has an in-line rating on the stock.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley upped their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an overweight rating in a research report on Thursday, October 10th. The Goldman Sachs Group raised their price objective on shares of TPG from $60.00 to $63.00 and gave the company a buy rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on TPG from $44.00 to $49.00 and gave the company a neutral rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target on TPG from $60.00 to $67.00 and gave the stock an overweight rating in a research note on Wednesday, October 9th. Finally, TD Cowen reduced their price objective on TPG from $44.00 to $42.00 and set a hold rating on the stock in a research report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, TPG presently has a consensus rating of Hold and an average target price of $52.25.

TPG Stock Performance

Shares of TPG opened at $60.41 on Monday. The stock has a 50 day moving average of $53.17 and a 200 day moving average of $46.93. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of -172.60, a PEG ratio of 0.97 and a beta of 1.53. TPG has a 12 month low of $26.62 and a 12 month high of $61.41. 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 (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The company had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. During the same period last year, the firm earned $0.26 EPS. As a group, sell-side analysts forecast that TPG will post 1.99 earnings per share for the current year.

TPG Increases Dividend

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

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing 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

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of TPG during the second quarter valued at about $25,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TPG during the first quarter valued at about $112,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of TPG during the first quarter valued at about $151,000. MQS Management LLC acquired a new position in shares of TPG during the first quarter valued at about $201,000. Finally, Virtu Financial LLC acquired a new position in shares of TPG during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 86.79% 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.