TPG (NASDAQ:TPG) Stock Rating Upgraded by Wall Street Zen

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

A number of other research analysts also recently issued reports on TPG. The Goldman Sachs Group reissued a “buy” rating and issued a $61.00 target price on shares of TPG in a report on Tuesday, May 5th. 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. Keefe, Bruyette & Woods upgraded shares of TPG to a “moderate buy” rating in a research report on Monday, July 20th. TD Cowen dropped their price target on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.00.

TPG Stock Performance

NASDAQ:TPG opened at $42.96 on Friday. The stock has a 50-day simple moving average of $41.95 and a two-hundred day simple moving average of $45.71. TPG has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $16.51 billion, a PE ratio of 195.28, a P/E/G ratio of 0.79 and a beta of 1.45.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts forecast that TPG will post 2.83 EPS for the current year.

Institutional Trading of TPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in shares of TPG by 12.1% during the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after buying an additional 234 shares during the period. Lazard Asset Management LLC raised its holdings in shares of TPG by 3.1% in the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after buying an additional 238 shares during the period. Strategic Wealth Partners Ltd. lifted its stake in shares of TPG by 2.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock worth $589,000 after acquiring an additional 253 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TPG by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after acquiring an additional 273 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of TPG by 22.2% during the 4th quarter. CWM LLC now owns 1,500 shares of the company’s stock worth $96,000 after acquiring an additional 273 shares during the last quarter. Institutional investors 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.