TPG (NASDAQ:TPG) Given New $66.00 Price Target at Wells Fargo & Company

TPG (NASDAQ:TPG) had its target price reduced by research analysts at Wells Fargo & Company from $78.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 32.00% from the stock’s previous close.

TPG has been the topic of a number of other reports. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. BMO Capital Markets increased their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. JMP Securities reissued a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Finally, Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.18.

TPG Price Performance

Shares of NASDAQ:TPG opened at $50.00 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The stock’s 50 day moving average is $58.69 and its 200-day moving average is $61.72. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Sell-side analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction 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 $14,553,683.64. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several large investors have recently added to or reduced their stakes in TPG. ORG Wealth Partners LLC purchased a new stake in TPG in the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC purchased a new stake in TPG in the 4th quarter worth about $67,000. Comerica Bank increased its holdings in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after acquiring an additional 450 shares during the last quarter. R Squared Ltd purchased a new stake in TPG in the 4th quarter worth about $97,000. Finally, KBC Group NV increased its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.