Deutsche Bank Aktiengesellschaft Increases TPG (NASDAQ:TPG) Price Target to $67.00

TPG (NASDAQ:TPG) had its price target boosted by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $67.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 1.17% from the stock’s current price.

TPG has been the subject of several other research reports. Evercore ISI increased their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley boosted their price target 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. Wells Fargo & Company increased their price objective on shares of TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, TD Cowen dropped their target price on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.50.

TPG Stock Up 11.4 %

TPG stock opened at $67.79 on Tuesday. The firm has a market capitalization of $24.73 billion, a P/E ratio of -194.11, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a 50-day simple moving average of $58.95 and a 200-day simple moving average of $49.39. TPG has a one year low of $29.63 and a one year high of $69.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a return on equity of 23.57% and a net margin of 0.69%. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, equities analysts expect that TPG will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On TPG

Several hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its holdings in TPG by 45.2% during the 1st quarter. Swiss National Bank now owns 155,100 shares of the company’s stock worth $6,933,000 after buying an additional 48,300 shares during the period. Capital International Investors raised its holdings in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after acquiring an additional 336,665 shares during the period. Seven Eight Capital LP acquired a new stake in shares of TPG during the first quarter valued at approximately $935,000. Vanguard Group Inc. lifted its position in shares of TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in TPG in the 2nd quarter worth approximately $1,057,000. 86.79% of the stock is 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.