Weiss Ratings Reiterates "Hold (C-)" Rating for TPG (NASDAQ:TPG)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for TPG, while other analysts have given the stock various ratings including a "Strong Buy" and "Outperform."
• TPG's stock price has reached $57.85 following a 1.3% increase, with an average target price estimated at $64.14.
• The company reported a quarterly EPS of $0.69, exceeding expectations, and a revenue of $495.12 million, marking an 8.9% increase year-over-year.

TPG (NASDAQ:TPG - Get Free Report)'s stock had its "hold (c-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. BNP Paribas upgraded shares of TPG to a "strong-buy" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group increased their price objective on shares of TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of TPG from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $65.00 to $78.00 in a research note on Monday. BMO Capital Markets initiated coverage on shares of TPG in a research report on Friday, October 3rd. They set an "outperform" rating and a $65.00 target price for the company. Finally, Wolfe Research initiated coverage on shares of TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, TPG has an average rating of "Moderate Buy" and a consensus target price of $64.14.

TPG Stock Up 1.3%

NASDAQ:TPG traded up $0.77 on Wednesday, hitting $57.85. The stock had a trading volume of 1,196,157 shares, compared to its average volume of 1,520,232. 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 stock has a market cap of $21.86 billion, a P/E ratio of -304.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The firm's fifty day simple moving average is $60.27 and its two-hundred day simple moving average is $53.36.

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

Insider Activity

In other news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director owned 16,807 shares of the company's stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 69.98% of the stock is currently owned by company insiders.

Institutional Trading of TPG

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in TPG by 27.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,250 shares of the company's stock worth $1,396,000 after purchasing an additional 6,267 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in TPG in the 1st quarter worth approximately $237,000. Cresset Asset Management LLC purchased a new stake in TPG in the 1st quarter worth approximately $216,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in TPG by 62.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,590 shares of the company's stock worth $360,000 after purchasing an additional 2,913 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in TPG by 28.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,201,727 shares of the company's stock worth $104,428,000 after purchasing an additional 481,418 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

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