TPG (NASDAQ:TPG) Coverage Initiated at BMO Capital Markets

Stock analysts at BMO Capital Markets initiated coverage on shares of TPG (NASDAQ:TPG) in a research report issued on Friday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $65.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 11.09% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Zacks Research upgraded TPG from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Evercore ISI boosted their price objective on TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research note on Friday, August 8th. The Goldman Sachs Group boosted their price objective on TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on TPG from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Citigroup boosted their price objective on TPG from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.07.

TPG Trading Up 3.8%

NASDAQ TPG opened at $58.51 on Friday. TPG has a one year low of $37.52 and a one year high of $72.98. The business’s fifty day moving average is $60.30 and its 200-day moving average is $53.23. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of -307.95, a PEG ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. TPG had a return on equity of 25.79% and a net margin of 1.60%.The business had revenue of $495.12 million for the quarter, compared to analysts’ expectations of $470.57 million. During the same period in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that TPG will post 2.52 EPS for the current year.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the transaction, the director owned 16,807 shares of the company’s stock, valued at approximately $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 69.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TPG. Allworth Financial LP grew its holdings in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 369 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of TPG during the second quarter worth about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after purchasing an additional 338 shares in the last quarter. Finally, MAI Capital Management boosted its stake in TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after buying an additional 1,013 shares in the last quarter. Hedge funds and other 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.