Evercore ISI Boosts TPG (NASDAQ:TPG) Price Target to $65.00

TPG (NASDAQ:TPG) had its price target boosted by stock analysts at Evercore ISI from $60.00 to $65.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential downside of 2.20% from the company’s previous close.

TPG has been the subject of a number of other reports. The Goldman Sachs Group boosted their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. BMO Capital Markets raised their price objective on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Morgan Stanley upped their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TPG currently has a consensus rating of “Hold” and a consensus target price of $63.00.

TPG Trading Up 1.5 %

Shares of NASDAQ:TPG traded up $0.96 during trading on Friday, hitting $66.46. The company had a trading volume of 56,213 shares, compared to its average volume of 874,347. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a one year low of $38.50 and a one year high of $72.98. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of -195.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49. The company has a fifty day simple moving average of $66.56 and a two-hundred day simple moving average of $58.02.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. As a group, equities analysts forecast that TPG will post 1.95 earnings per share for the current year.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

Institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its stake in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after purchasing an additional 992,818 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after buying an additional 922,571 shares in the last quarter. Barclays PLC raised its position in shares of TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after buying an additional 597,972 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of TPG by 902.4% in the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after buying an additional 376,848 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after acquiring an additional 244,373 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

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.