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

TPG (NASDAQ:TPG) had its price target increased by Deutsche Bank Aktiengesellschaft from $67.00 to $69.00 in a research report sent to investors on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

TPG has been the topic of several other research reports. Wells Fargo & Company upped their price target on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI lifted their price target on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their price objective on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus target price of $57.67.

TPG Stock Up 0.6 %

Shares of NASDAQ:TPG opened at $65.90 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a market cap of $24.04 billion, a P/E ratio of -193.82, a P/E/G ratio of 1.13 and a beta of 1.49. TPG has a 12 month low of $33.45 and a 12 month high of $70.67. The company’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $50.45.

TPG (NASDAQ:TPG) last issued 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. TPG had a net margin of 0.69% and a return on equity of 23.45%. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same quarter last year, the business posted $0.56 earnings per share. As a group, research analysts forecast that TPG will post 1.94 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s dividend payout ratio (DPR) is presently -494.10%.

Institutional Investors Weigh In On TPG

Several institutional investors have recently added to or reduced their stakes in TPG. Vanguard Group Inc. raised its stake 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 purchasing an additional 1,305,799 shares during the period. Millennium Management LLC boosted its position in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after acquiring an additional 922,571 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of TPG by 902.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after acquiring an additional 376,848 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after purchasing an additional 366,306 shares during the last quarter. Finally, Capital International Investors boosted its holdings in TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after purchasing an additional 336,665 shares during the last quarter. 86.79% 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.