Keefe, Bruyette & Woods Raises TPG (NASDAQ:TPG) Price Target to $70.00

TPG (NASDAQ:TPG) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $62.00 to $70.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 7.99% from the company’s current price.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their price target on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. 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. Finally, Evercore ISI upped their target price on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, TPG currently has an average rating of “Hold” and an average target price of $63.00.

TPG Stock Performance

Shares of TPG stock opened at $64.82 on Friday. The stock has a fifty day moving average price of $67.11 and a 200 day moving average price of $54.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $23.66 billion, a PE ratio of -190.64, a P/E/G ratio of 1.11 and a beta of 1.46. TPG has a 1 year low of $38.20 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $855.40 million during 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 previous year, the company posted $0.56 EPS. Sell-side analysts forecast that TPG will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of TPG

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in TPG in the second quarter valued at $25,000. Signaturefd LLC raised its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the period. Covestor Ltd lifted its stake in shares of TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV lifted its stake in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.