TD Cowen Lowers TPG (NASDAQ:TPG) Price Target to $45.00

TPG (NASDAQ:TPG) had its target price cut by investment analysts at TD Cowen from $48.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 8.40% from the company’s current price.

A number of other research analysts have also recently issued reports on TPG. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Monday, February 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Barclays upped 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. Weiss Ratings cut shares of TPG from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets reduced 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. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

TPG Trading Down 0.7%

NASDAQ TPG traded down $0.28 during trading on Monday, reaching $41.51. 422,057 shares of the stock traded hands, compared to its average volume of 3,390,902. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 188.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The stock’s 50-day moving average price is $41.72 and its 200 day moving average price is $52.42. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Analysts predict that TPG will post 2.86 EPS for the current year.

Institutional Trading of TPG

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of TPG in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC lifted its position in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of TPG in the third quarter worth $51,000. Institutional investors own 94.03% of the company’s stock.

About TPG

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.