Deutsche Bank Aktiengesellschaft Raises TPG (NASDAQ:TPG) Price Target to $69.00

TPG (NASDAQ:TPG) had its price target increased by Deutsche Bank Aktiengesellschaft from $67.00 to $69.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 2.01% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen reduced their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lifted their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TPG presently has an average rating of “Hold” and a consensus price target of $57.67.

TPG Stock Down 1.6 %

TPG stock opened at $67.64 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a 12-month low of $31.25 and a 12-month high of $70.67. The company has a 50 day moving average of $60.70 and a two-hundred day moving average of $50.23. The company has a market cap of $24.68 billion, a price-to-earnings ratio of -198.94, a PEG ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities analysts anticipate that TPG will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of TPG

Several institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in TPG during the second quarter worth about $25,000. Signaturefd LLC boosted its stake 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 in the last quarter. Covestor Ltd grew its position in TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TPG during the first quarter worth $112,000. Finally, KBC Group NV lifted its holdings in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. 86.79% of the stock is currently owned by institutional investors and hedge funds.

About TPG

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.