TPG (NASDAQ:TPG) Now Covered by Analysts at Wolfe Research

Analysts at Wolfe Research assumed coverage on shares of TPG (NASDAQ:TPG - Get Free Report) in a research note issued on Friday,Benzinga reports. The firm set an "outperform" rating and a $60.00 price target on the stock. Wolfe Research's price objective suggests a potential upside of 20.17% from the stock's current price.

Several other research analysts have also weighed in on TPG. Bank of America reduced their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group lowered their target price on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a research report on Monday, April 14th. Wells Fargo & Company upped their price objective on TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, TD Cowen cut their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.23.

TPG Price Performance

Shares of TPG opened at $49.93 on Friday. The stock has a market cap of $18.45 billion, a P/E ratio of -151.30, a price-to-earnings-growth ratio of 1.06 and a beta of 1.55. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The stock's 50-day moving average price is $47.97 and its two-hundred day moving average price is $55.04. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.42.

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

Insider Buying and Selling at TPG

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 69.98% of the company's stock.

Institutional Investors Weigh In On TPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in shares of TPG by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company's stock worth $2,322,000 after purchasing an additional 230 shares during the last quarter. Signaturefd LLC boosted its stake in TPG by 27.0% in the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after purchasing an additional 307 shares in the last quarter. Shoker Investment Counsel Inc. grew its holdings in shares of TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after buying an additional 366 shares during the last quarter. Allworth Financial LP increased its holdings in shares of TPG by 132.3% in the first quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after purchasing an additional 369 shares during the period. Finally, Comerica Bank lifted its stake in TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after acquiring an additional 450 shares during the period. 94.03% of the stock is owned by hedge funds and other 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.

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