Barclays Lowers TPG (NASDAQ:TPG) Price Target to $56.00

TPG (NASDAQ:TPG) had its price objective reduced by equities research analysts at Barclays from $69.00 to $56.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.13% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TPG. Evercore set a $56.00 price objective on TPG in a research note on Friday, February 6th. Citigroup raised shares of TPG to an “outperform” rating in a report on Monday, February 9th. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Monday, February 9th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. Finally, TD Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TPG has a consensus rating of “Moderate Buy” and an average target price of $66.80.

TPG Stock Up 0.7%

Shares of TPG traded up $0.29 during midday trading on Monday, reaching $43.71. 335,606 shares of the stock were exchanged, compared to its average volume of 3,695,220. The company has a market capitalization of $16.79 billion, a P/E ratio of 99.58, a PEG ratio of 0.61 and a beta of 1.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. TPG has a 52 week low of $37.52 and a 52 week high of $70.38. The company’s 50 day moving average is $58.38 and its two-hundred day moving average is $58.94.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $548.40 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, sell-side analysts anticipate that TPG will post 2.52 earnings per share for the current year.

Institutional Trading of TPG

A number of hedge funds have recently bought and sold shares of TPG. Vanguard Group Inc. increased its stake in TPG by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after buying an additional 314,295 shares during the period. Capital International Investors boosted its holdings in shares of TPG by 0.4% in the fourth quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock valued at $749,142,000 after acquiring an additional 52,213 shares in the last quarter. Darlington Partners Capital Management LP acquired a new position in shares of TPG during the second quarter worth about $258,581,000. Millennium Management LLC raised its holdings in TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock worth $292,689,000 after purchasing an additional 1,837,799 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in TPG by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 4,058,146 shares of the company’s stock valued at $259,102,000 after purchasing an additional 216,359 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.