Wells Fargo & Company Lowers TPG (NASDAQ:TPG) Price Target to $66.00

TPG (NASDAQ:TPG) had its target price lowered by stock analysts at Wells Fargo & Company from $78.00 to $66.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 30.72% from the stock’s previous close.

TPG has been the topic of a number of other research reports. Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. JMP Securities restated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TPG has a consensus rating of “Hold” and an average target price of $63.18.

TPG Stock Down 0.0 %

Shares of TPG stock traded down $0.01 on Thursday, reaching $50.49. 1,516,399 shares of the company were exchanged, compared to its average volume of 974,320. TPG has a one year low of $39.18 and a one year high of $72.98. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of -114.75, a PEG ratio of 0.80 and a beta of 1.54. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $59.23 and a 200 day moving average of $61.80.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. On average, equities research analysts forecast that TPG will post 2.52 earnings per share for the current year.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is currently owned by insiders.

Institutional Trading of TPG

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock valued at $519,438,000 after buying an additional 162,107 shares in the last quarter. Capital World Investors boosted its stake in TPG by 484.6% in the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after buying an additional 2,541,013 shares in the last quarter. Franklin Resources Inc. boosted its stake in TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in TPG by 43.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock valued at $141,584,000 after buying an additional 683,572 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after buying an additional 898,943 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

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.