TPG (NASDAQ:TPG) Rating Increased to Strong-Buy at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded TPG (NASDAQ:TPG) to a strong-buy rating, signaling increased investor confidence.
• Analysts have varying ratings and price targets, with a consensus rating of Moderate Buy and an average target price of $62.07.
• TPG reported a quarterly earnings per share of $0.69, surpassing analyst expectations and showing an 8.9% year-over-year revenue growth.

TPG (NASDAQ:TPG - Get Free Report) was upgraded by research analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on TPG. Wolfe Research started coverage on shares of TPG in a report on Friday, June 20th. They issued an "outperform" rating and a $60.00 price objective for the company. BNP Paribas raised shares of TPG to a "strong-buy" rating in a report on Wednesday, July 30th. Evercore ISI lifted their price objective on shares of TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a report on Friday, August 8th. BNP Paribas Exane raised shares of TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price on shares of TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.07.

TPG Stock Up 3.8%

TPG opened at $58.51 on Thursday. TPG has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. The company has a fifty day moving average of $60.30 and a two-hundred day moving average of $53.21. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of -307.95, a PEG ratio of 1.18 and a beta of 1.53.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The company had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts expect that TPG will post 2.52 earnings per share for the current year.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,796 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the sale, the director owned 16,807 shares of the company's stock, valued at approximately $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 69.98% of the company's stock.

Institutional Trading of TPG

Several large investors have recently bought and sold shares of TPG. Ameriprise Financial Inc. purchased a new stake in TPG during the 4th quarter valued at about $236,000. Two Sigma Advisers LP purchased a new stake in TPG during the 4th quarter valued at about $270,000. GAMMA Investing LLC boosted its holdings in TPG by 5,612.3% in the 1st quarter. GAMMA Investing LLC now owns 28,790 shares of the company's stock valued at $1,366,000 after purchasing an additional 28,286 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in TPG in the 1st quarter valued at about $522,000. Finally, QRG Capital Management Inc. boosted its holdings in TPG by 7.0% in the 1st quarter. QRG Capital Management Inc. now owns 8,010 shares of the company's stock valued at $380,000 after purchasing an additional 521 shares during the last quarter. Hedge funds and other institutional investors 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.

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