Deutsche Bank Aktiengesellschaft Boosts TPG (NASDAQ:TPG) Price Target to $69.00

TPG (NASDAQ:TPG) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $67.00 to $69.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 2.01% from the company’s previous close.

A number of other analysts have also commented on TPG. Evercore ISI lifted their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. 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 note 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 note on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets raised their price target on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.67.

TPG Price Performance

Shares of TPG stock opened at $67.64 on Monday. TPG has a 1 year low of $31.25 and a 1 year high of $70.67. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $60.70 and its 200-day moving average is $50.23. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of -198.94, a PEG ratio of 1.08 and a beta of 1.49.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of TPG by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after buying an additional 230 shares during the last quarter. KBC Group NV grew its stake in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after buying an additional 500 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in TPG during the second quarter worth $25,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

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.