TPG (NASDAQ:TPG) Price Target Lowered to $42.00 at TD Cowen

TPG (NASDAQ:TPGFree Report) had its price objective reduced by TD Cowen from $44.00 to $42.00 in a report issued on Monday, Benzinga reports. They currently have a hold rating on the stock.

TPG has been the topic of several other reports. TheStreet cut TPG from a c rating to a d rating in a research note on Monday, March 18th. JMP Securities reiterated a market perform rating on shares of TPG in a research note on Tuesday, April 9th. Jefferies Financial Group dropped their price objective on shares of TPG from $46.00 to $44.00 and set a hold rating on the stock in a research note on Thursday, May 9th. UBS Group raised their target price on shares of TPG from $45.00 to $50.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Morgan Stanley upgraded TPG from an equal weight rating to an overweight rating and upped their price target for the stock from $43.00 to $52.00 in a research note on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $42.83.

Read Our Latest Report on TPG

TPG Trading Down 0.2 %

NASDAQ:TPG opened at $40.57 on Monday. The company has a 50-day moving average price of $42.09 and a 200-day moving average price of $42.76. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of -289.77, a P/E/G ratio of 0.70 and a beta of 1.52. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a 12 month low of $26.03 and a 12 month high of $47.20.

TPG (NASDAQ:TPGGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a net margin of 2.74% and a return on equity of 21.16%. The business had revenue of $512.30 million during the quarter, compared to analyst estimates of $452.87 million. During the same period last year, the business posted $0.24 earnings per share. TPG’s quarterly revenue was up 64.5% compared to the same quarter last year. Equities analysts predict that TPG will post 2.02 EPS for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, May 17th. TPG’s payout ratio is currently -1,171.34%.

Hedge Funds Weigh In On TPG

Several hedge funds and other institutional investors have recently bought and sold shares of TPG. iA Global Asset Management Inc. bought a new position in shares of TPG during the 1st quarter valued at $620,000. Jaffetilchin Investment Partners LLC bought a new position in TPG in the first quarter valued at about $209,000. California State Teachers Retirement System boosted its position in TPG by 32.5% in the first quarter. California State Teachers Retirement System now owns 78,113 shares of the company’s stock worth $3,492,000 after purchasing an additional 19,175 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its position in TPG by 21.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 109,305 shares of the company’s stock worth $4,886,000 after purchasing an additional 19,616 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new stake in shares of TPG during the 1st quarter valued at about $5,588,000. Institutional investors own 86.79% of the company’s stock.

About TPG

(Get Free Report)

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.

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