TPG (NASDAQ:TPG – Get Free Report) had its price objective reduced by TD Cowen from $48.00 to $45.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price target indicates a potential upside of 8.40% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. UBS Group raised their price objective on shares of TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 4th. BMO Capital Markets cut their price target on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Barclays lifted their price target on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Finally, Citizens Jmp raised shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TPG currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.
Check Out Our Latest Stock Report on TPG
TPG Price Performance
TPG (NASDAQ:TPG – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. Equities research analysts expect that TPG will post 2.86 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TPG
Several institutional investors have recently modified their holdings of TPG. Comerica Bank grew its position in shares of TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after buying an additional 465 shares during the period. Royal Bank of Canada grew its position in shares of TPG by 86.3% during the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after buying an additional 3,659 shares during the period. Goldman Sachs Group Inc. grew its holdings in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after purchasing an additional 557,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock valued at $22,941,000 after purchasing an additional 294,941 shares during the period. Finally, Cetera Investment Advisers acquired a new position in TPG during the second quarter valued at approximately $216,000. 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.
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