TPG (NASDAQ:TPG) Given New $67.00 Price Target at Deutsche Bank Aktiengesellschaft

TPG (NASDAQ:TPG) had its price target lifted by Deutsche Bank Aktiengesellschaft from $65.00 to $67.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Evercore ISI upped their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Morgan Stanley increased their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, TD Cowen lowered their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.17.

TPG Price Performance

NASDAQ:TPG opened at $60.88 on Tuesday. TPG has a 52 week low of $28.93 and a 52 week high of $69.86. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $58.74 and its 200 day simple moving average is $49.27.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.57%. During the same period last year, the firm earned $0.56 earnings per share. On average, analysts forecast that TPG will post 1.96 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.50%. TPG’s payout ratio is presently -494.10%.

Institutional Trading of TPG

Hedge funds have recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of TPG by 45.2% in the first quarter. Swiss National Bank now owns 155,100 shares of the company’s stock worth $6,933,000 after purchasing an additional 48,300 shares during the last quarter. Capital International Investors raised its position in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after acquiring an additional 336,665 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of TPG in the first quarter worth approximately $935,000. Vanguard Group Inc. boosted its holdings in TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in TPG during the 2nd quarter valued at approximately $1,057,000. 86.79% of the stock is owned by institutional investors and hedge funds.

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.