Wells Fargo & Company Lowers TPG (NASDAQ:TPG) Price Target to $52.00

TPG (NASDAQ:TPG) had its price target dropped by investment analysts at Wells Fargo & Company from $66.00 to $52.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 31.05% from the stock’s previous close.

Other equities analysts have also issued reports about the company. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Bank of America reduced their price objective on shares of TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group decreased their price objective on shares of TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods upped their price target on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.85.

TPG Trading Down 4.6 %

NASDAQ TPG traded down $1.92 on Tuesday, hitting $39.68. The company’s stock had a trading volume of 2,593,624 shares, compared to its average volume of 1,068,230. The firm has a market cap of $14.66 billion, a PE ratio of -90.18, a PEG ratio of 0.80 and a beta of 1.58. The company’s 50-day moving average is $54.49 and its 200 day moving average is $61.41. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a 1-year low of $37.52 and a 1-year high of $72.98.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. As a group, analysts predict that TPG will post 2.52 earnings per share for the current fiscal year.

Insider Activity

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TPG

Institutional investors and hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in TPG in the 4th quarter worth approximately $33,000. Versant Capital Management Inc raised its stake in TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after buying an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in TPG during the 4th quarter valued at about $67,000. Comerica Bank lifted its holdings in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after purchasing an additional 450 shares during the period. Finally, R Squared Ltd acquired a new stake in TPG during the fourth quarter valued at $97,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.