TPG (NASDAQ:TPG) Price Target Raised to $67.00 at Deutsche Bank Aktiengesellschaft

TPG (NASDAQ:TPG) had its target price boosted by Deutsche Bank Aktiengesellschaft from $65.00 to $67.00 in a research report released on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

TPG has been the topic of a number of other research reports. Evercore ISI increased their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price objective on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley upped their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target 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. Finally, Wells Fargo & Company raised their price objective on shares of TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.17.

TPG Stock Performance

NASDAQ TPG opened at $60.88 on Tuesday. The business has a 50 day simple moving average of $58.74 and a 200 day simple moving average of $49.27. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a one year low of $28.93 and a one year high of $69.86.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.57%. During the same quarter in the previous year, the business posted $0.56 EPS. On average, sell-side analysts anticipate that TPG will post 1.96 earnings per share for the current fiscal year.

TPG Cuts Dividend

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

Institutional Trading of TPG

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after buying an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TPG by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after purchasing an additional 366,306 shares during the last quarter. Capital International Investors increased its stake in shares of TPG by 9.6% in the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after purchasing an additional 336,665 shares in the last quarter. Millennium Management LLC grew its stake in TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after buying an additional 922,571 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in TPG by 13.9% during the 2nd quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock valued at $51,417,000 after acquiring an additional 151,317 shares during the period. 86.79% of the stock is currently owned by institutional investors.

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.