Wells Fargo & Company Cuts TPG (NASDAQ:TPG) Price Target to $78.00

TPG (NASDAQ:TPG) had its price target dropped by analysts at Wells Fargo & Company from $83.00 to $78.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 25.04% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. BMO Capital Markets raised their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. TD Cowen decreased their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, TPG currently has an average rating of “Hold” and a consensus price target of $62.58.

TPG Price Performance

Shares of TPG stock traded up $0.50 during trading hours on Tuesday, hitting $62.38. 37,388 shares of the company’s stock were exchanged, compared to its average volume of 916,062. The stock’s 50-day moving average is $66.57 and its 200-day moving average is $57.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of -183.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. TPG has a 52 week low of $38.20 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter last year, the business earned $0.56 earnings per share. As a group, research analysts forecast that TPG will post 1.95 EPS for the current year.

Institutional Investors Weigh In On TPG

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in TPG in the 4th quarter valued at approximately $33,000. Signaturefd LLC raised its position in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the last quarter. Covestor Ltd raised its position in TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares during the last quarter. KBC Group NV raised its position in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the last quarter. Finally, Quarry LP raised its position in TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after buying an additional 1,846 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.