TPG (NASDAQ:TPG) Stock Price Target Raised at Barclays

TPG (NASDAQ:TPG) had its price objective lifted by equities researchers at Barclays from $60.00 to $61.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.81% from the company’s current price.

A number of other research firms also recently issued reports on TPG. Royal Bank Of Canada raised their price target on TPG from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of TPG from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Morgan Stanley cut their target price on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. UBS Group increased their price target on shares of TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $62.00 price target on shares of TPG in a research note on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TPG presently has an average rating of “Moderate Buy” and an average target price of $61.43.

TPG Stock Down 1.2%

TPG stock traded down $0.58 during trading on Friday, hitting $47.36. 352,189 shares of the stock traded hands, compared to its average volume of 2,953,372. The firm’s 50 day moving average is $47.09 and its two-hundred day moving average is $45.97. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 71.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.49. TPG has a 1 year low of $36.95 and a 1 year high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. TPG had a return on equity of 28.10% and a net margin of 4.67%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $624.66 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. On average, sell-side analysts anticipate that TPG will post 2.78 EPS for the current year.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently bought and sold shares of TPG. CX Institutional grew its position in shares of TPG by 481.4% during the second quarter. CX Institutional now owns 657 shares of the company’s stock worth $27,000 after purchasing an additional 544 shares in the last quarter. Mather Group LLC. purchased a new position in shares of TPG in the 3rd quarter worth approximately $45,000. Leonteq Securities AG purchased a new position in shares of TPG in the 1st quarter worth approximately $81,000. Sunbelt Securities Inc. increased its position in shares of TPG by 2,986.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock valued at $84,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of TPG by 15.5% during the 1st quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock valued at $85,000 after purchasing an additional 281 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

Key Headlines Impacting TPG

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Quarterly earnings beat expectations. TPG reported third-quarter EPS of $0.65, ahead of the $0.63 consensus and up from $0.53 a year earlier. Revenue increased 25.3% year over year to $1.22 billion, substantially above the $624.66 million analyst estimate. Fee-related earnings reportedly rose 43%, supporting the case for improving operating momentum. TPG Inc. Q3 earnings report
• Positive Sentiment: Fundraising outlook remains strong. TPG expects to raise a record $55 billion this year, a sign of continued investor demand for its private equity, credit, real estate and growth platforms. Higher assets under management could support future management fees and distributable earnings. TPG expects record fundraising
• Positive Sentiment: Expansion into high-growth infrastructure continues. TPG launched a $10 billion climate fund and is reportedly in talks to acquire U.K. data-center operator Ark for approximately $5 billion. These initiatives could expand exposure to climate and data-center investment themes, although the transaction remains subject to negotiations. TPG climate fund
• Neutral Sentiment: TPG is also increasing its focus on medical buildings as commercial real estate faces debt-related stress, potentially creating attractive distressed-investment opportunities but also exposing the firm to property-market risks. TPG medical-building strategy
• Negative Sentiment: The quarterly dividend was reduced. TPG declared a $0.55-per-share dividend, down from $0.59 previously, or a 6.8% decrease. The cut may weigh on income-focused investors despite an annualized yield of approximately 4.6%. TPG dividend announcement

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.