TPG (NASDAQ:TPG) Stock Gets Price Target Increase from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised TPG’s price target from $65 to $68 and maintained an “outperform” rating, implying approximately 44.7% upside from the stock’s $46.98 price.
• TPG reported quarterly adjusted EPS of $0.65, exceeding the $0.63 consensus estimate, while revenue rose 25.3% year over year to $1.22 billion.
• Analyst sentiment remains generally positive, with 12 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average target price of $62.

TPG (NASDAQ:TPG - Get Free Report) had its price objective lifted by stock analysts at Royal Bank Of Canada from $65.00 to $68.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 44.73% from the stock's current price.

Other research analysts have also issued reports about the company. Barclays increased their price objective on TPG from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Friday. BMO Capital Markets dropped their price objective on shares of TPG from $56.00 to $52.00 and set an "outperform" rating for the company in a report on Tuesday. Morgan Stanley lowered their target price on shares of TPG from $60.00 to $54.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 21st. TD Cowen cut their price objective on TPG from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Finally, Weiss Ratings cut TPG from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.00.

TPG Trading Down 2.0%

Shares of TPG stock traded down $0.95 during trading hours on Friday, reaching $46.98. 607,002 shares of the stock were exchanged, compared to its average volume of 2,955,356. The company's 50-day moving average price is $47.09 and its 200-day moving average price is $45.97. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 71.30, a price-to-earnings-growth ratio of 0.84 and a beta of 1.49. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $624.66 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company's quarterly revenue was up 25.3% compared to the same quarter last year. As a group, equities analysts anticipate that TPG will post 2.78 earnings per share for the current year.

Hedge Funds Weigh In On TPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of TPG by 38.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company's stock worth $446,840,000 after acquiring an additional 3,041,560 shares in the last quarter. Jackson Brooke LLC bought a new stake in shares of TPG during the 2nd quarter valued at $92,395,080. Junto Capital Management LP bought a new stake in TPG during the second quarter worth $82,794,000. Temasek Holdings Private Ltd boosted its stake in shares of TPG by 14.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company's stock valued at $406,239,000 after purchasing an additional 1,236,526 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in TPG during the 2nd quarter worth $28,013,000. Institutional investors own 94.03% of the company's stock.

Trending Headlines about TPG

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Analysts raised their price targets. Wells Fargo increased its target from $47 to $52 while maintaining an “equal weight” rating. Barclays raised its target from $60 to $61 and maintained an “overweight” rating, signaling additional upside potential. Wells Fargo analyst action Barclays analyst action
• Positive Sentiment: Third-quarter earnings exceeded expectations. TPG reported adjusted earnings of $0.65 per share versus the $0.63 consensus estimate, while revenue reached $1.22 billion, more than double the cited analyst estimate and up 25.3% year over year. The company’s results also reflected higher fee-related earnings, which reportedly rose 43%. TPG third-quarter earnings report
• Positive Sentiment: Fundraising and growth initiatives remain key catalysts. TPG reportedly expects to raise a record $55 billion this year and has launched a $10 billion climate fund, developments that could support future fee growth and expand its alternative-asset platform. TPG fundraising report TPG climate fund report
• Neutral Sentiment: TPG is pursuing additional investment opportunities. Reports say the firm is in talks to acquire Ark Data Centres for approximately $5 billion and is increasing its exposure to medical buildings. These moves could broaden its asset base but also require substantial capital and execution in challenging commercial real estate markets. TPG Ark Data Centres report
• Negative Sentiment: TPG cut its quarterly dividend. The company declared a $0.55-per-share dividend, down from $0.59 previously. Although the annualized yield remains approximately 4.6%, the reduction may concern income-focused investors and is likely weighing on sentiment.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.

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