TPG (NASDAQ:TPG) Raised to Strong-Buy at BNP Paribas

Key Points

• BNP Paribas has upgraded TPG's stock to a "strong-buy" rating, while other analysts have given mixed ratings ranging from hold to buy, with an average price target of $60.43.
• TPG's recent earnings report revealed an EPS of $0.48, missing estimates, but the company experienced a 6.1% increase in revenue year-over-year.
• Insider trading activity shows significant stock sales, including a major shareholder selling 21 million shares valued at nearly $978 million.

TPG (NASDAQ:TPG - Get Free Report) was upgraded by analysts at BNP Paribas to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on TPG. BNP Paribas Exane upgraded shares of TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target for the company in a research report on Wednesday. UBS Group reduced their price target on shares of TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wolfe Research initiated coverage on shares of TPG in a research report on Friday, June 20th. They issued an "outperform" rating and a $60.00 target price for the company. Wells Fargo & Company increased their target price on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group cut their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, TPG currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.43.

TPG Trading Down 2.2%

Shares of NASDAQ:TPG traded down $1.23 during mid-day trading on Wednesday, hitting $55.84. The stock had a trading volume of 1,328,442 shares, compared to its average volume of 1,613,816. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $20.79 billion, a PE ratio of -169.21, a P/E/G ratio of 1.45 and a beta of 1.55. TPG has a 12-month low of $37.52 and a 12-month high of $72.98. The company's 50 day moving average is $52.72 and its 200-day moving average is $52.73.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. On average, sell-side analysts predict that TPG will post 2.52 EPS for the current year.

Insider Buying and Selling at TPG

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at approximately $946,570.24. This trade represents a 9.65% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 69.98% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TPG. Allworth Financial LP grew its stake in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC grew its stake in TPG by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company's stock valued at $50,000 after buying an additional 338 shares during the last quarter. Versant Capital Management Inc grew its stake in TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock valued at $65,000 after buying an additional 1,349 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in TPG in the 4th quarter valued at $67,000. Finally, Comerica Bank grew its stake in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 94.03% 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.