TPG (NASDAQ:TPG) Price Target Cut to $66.00 by Analysts at Wells Fargo & Company

TPG (NASDAQ:TPG) had its target price trimmed by Wells Fargo & Company from $78.00 to $66.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also issued reports on TPG. JMP Securities restated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI lifted their target price on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price objective on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, TPG has a consensus rating of “Hold” and a consensus target price of $63.18.

TPG Stock Down 0.0 %

Shares of NASDAQ:TPG opened at $50.49 on Thursday. The firm has a market cap of $18.65 billion, a P/E ratio of -114.75, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a 12-month low of $39.18 and a 12-month high of $72.98. The business has a fifty day simple moving average of $58.94 and a 200 day simple moving average of $61.72.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.20%. TPG’s payout ratio is currently -481.82%.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in TPG during the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC bought a new stake in TPG during the 4th quarter worth approximately $67,000. Comerica Bank increased its holdings in TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after purchasing an additional 450 shares in the last quarter. R Squared Ltd bought a new stake in TPG during the fourth quarter worth $97,000. Finally, KBC Group NV grew its holdings in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares in the last quarter. 94.03% of the stock is owned by 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.