TPG (NASDAQ:TPG) Raised to “Strong-Buy” at BNP Paribas

TPG (NASDAQ:TPG) was upgraded by stock analysts at BNP Paribas to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

TPG has been the subject of a number of other reports. Citigroup upped their price objective on TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down from $80.00) on shares of TPG in a research note on Monday, April 14th. Bank of America decreased their price target on TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Wells Fargo & Company increased their price target on TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Wolfe Research began coverage on TPG in a research note on Friday, June 20th. They issued an “outperform” rating and a $60.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.43.

TPG Trading Down 2.3%

Shares of NASDAQ TPG opened at $57.07 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $21.25 billion, a P/E ratio of -172.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. TPG has a 1-year low of $37.52 and a 1-year high of $72.98. The business has a fifty day moving average price of $52.54 and a 200 day moving average price of $52.78.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $459.75 million. TPG had a return on equity of 24.47% and a net margin of 0.90%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts expect that TPG will post 2.52 EPS for the current fiscal year.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,796 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the transaction, the director directly owned 16,807 shares in the company, valued at $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The disclosure for this sale can be found here. Company insiders own 69.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TPG. Allworth Financial LP grew its holdings in TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after acquiring an additional 369 shares during the period. GAMMA Investing LLC grew its holdings in TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after acquiring an additional 338 shares during the period. Versant Capital Management Inc grew its holdings in TPG by 12,263.6% during the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after acquiring an additional 1,349 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in TPG during the fourth quarter worth about $67,000. Finally, Comerica Bank grew its holdings in TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after acquiring an additional 450 shares during the period. 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.