TPG (NASDAQ:TPG) Given New $58.00 Price Target at TD Cowen

TPG (NASDAQ:TPG) had its price objective lowered by TD Cowen from $62.00 to $58.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. raised their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company increased their price target on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI increased their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, Morgan Stanley increased their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.50.

TPG Trading Up 11.4 %

Shares of TPG stock opened at $67.79 on Wednesday. TPG has a 1 year low of $29.63 and a 1 year high of $69.86. The firm has a market cap of $24.73 billion, a PE ratio of -199.38, a P/E/G ratio of 0.98 and a beta of 1.49. The stock has a fifty day moving average price of $59.31 and a 200-day moving average price of $49.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25.

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 23.57% and a net margin of 0.69%. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same period last year, the firm posted $0.56 EPS. Equities research analysts anticipate that TPG will post 1.96 EPS for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. TPG’s dividend payout ratio (DPR) is presently -494.10%.

Institutional Trading of TPG

A number of large investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after acquiring an additional 188 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after buying an additional 230 shares in the last quarter. KBC Group NV raised its holdings in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of TPG by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after buying an additional 500 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of TPG during the 2nd quarter valued at about $25,000. Institutional investors own 86.79% 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.