TPG (NASDAQ:TPG) Rating Lowered to Sell at Wall Street Zen

TPG (NASDAQ:TPG) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently commented on the stock. UBS Group boosted their price target on shares of TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Barclays raised their price objective on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup reaffirmed an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Citizens Jmp dropped their target price on TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. Finally, Morgan Stanley set a $60.00 price target on TPG in a research report on Tuesday, April 21st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.40.

TPG Price Performance

NASDAQ TPG opened at $43.74 on Friday. 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 12-month low of $36.95 and a 12-month high of $70.38. The company has a market capitalization of $16.81 billion, a PE ratio of 198.83, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. The firm’s 50 day moving average is $41.97 and its 200-day moving average is $46.70.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. The business 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 firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities research analysts anticipate that TPG will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of TPG

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of TPG in the 4th quarter valued at about $38,000. CX Institutional grew its holdings in 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 during the period. EverSource Wealth Advisors LLC grew its holdings in TPG by 2,496.2% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds 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.