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

TPG (NASDAQ:TPG) had its price target upped by Keefe, Bruyette & Woods from $62.00 to $70.00 in a research note released on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts have also commented on the stock. Evercore ISI raised their price target 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. TD Cowen cut their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley upped 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 raised their price objective on TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.00.

TPG Trading Up 1.3 %

TPG stock opened at $64.82 on Friday. 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 company has a market cap of $23.66 billion, a price-to-earnings ratio of -190.64, a PEG ratio of 1.11 and a beta of 1.46. The business has a fifty day simple moving average of $67.03 and a 200-day simple moving average of $54.80. TPG has a 52 week low of $38.20 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that TPG will post 1.95 EPS for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.34%. TPG’s dividend payout ratio (DPR) is presently -447.06%.

Institutional Investors Weigh In On TPG

Institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC lifted its holdings in TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after buying an additional 992,818 shares during the last quarter. Millennium Management LLC raised its position in shares of TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after acquiring an additional 922,571 shares in the last quarter. Barclays PLC lifted its stake in TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after purchasing an additional 597,972 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in TPG by 902.4% in the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after purchasing an additional 376,848 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in TPG by 5.8% during 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. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.