UBS Group Issues Pessimistic Forecast for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its target price dropped by UBS Group from $72.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 30.42% from the company’s current price.

A number of other equities analysts have also commented on the company. The Goldman Sachs Group dropped their price objective on TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Evercore ISI upped 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. Citigroup lowered their price objective on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, Bank of America dropped their price objective on shares of TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.54.

TPG Stock Up 1.9 %

Shares of TPG stock opened at $47.54 on Thursday. TPG has a 12-month low of $37.52 and a 12-month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $47.31 and a two-hundred day moving average price of $59.26. The stock has a market capitalization of $17.56 billion, a P/E ratio of -108.05, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG) last posted its quarterly earnings data 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 net margin of 0.67% and a return on equity of 24.66%. Equities analysts expect that TPG will post 2.52 earnings per share for the current year.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of TPG by 484.6% during the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock worth $192,625,000 after buying an additional 2,541,013 shares during the last quarter. Norges Bank bought a new stake in shares of TPG during the 4th quarter valued at $100,675,000. JPMorgan Chase & Co. lifted its stake in shares of TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after purchasing an additional 1,596,254 shares during the period. Millennium Management LLC boosted its position in shares of TPG by 66.8% in the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock worth $141,001,000 after purchasing an additional 898,943 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of TPG by 43.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock worth $141,584,000 after purchasing an additional 683,572 shares during the period. Institutional investors own 94.03% of the company’s stock.

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.