TPG (NASDAQ:TPG) Price Target Lowered to $52.00 at Wells Fargo & Company

TPG (NASDAQ:TPG) had its price target lowered by stock analysts at Wells Fargo & Company from $66.00 to $52.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 13.36% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Evercore ISI raised their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Bank of America lowered their price objective on shares of TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 4th. BMO Capital Markets upped their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Citigroup reduced their target price on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.62.

TPG Trading Up 15.6 %

Shares of TPG stock opened at $45.87 on Tuesday. TPG has a 1-year low of $37.52 and a 1-year high of $72.98. The firm has a market cap of $16.95 billion, a PE ratio of -104.25, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a 50-day moving average of $52.55 and a two-hundred day moving average of $60.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last posted its quarterly earnings data 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 net margin of 0.67% and a return on equity of 24.66%. On average, analysts predict that TPG will post 2.52 EPS for the current year.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The shares were 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 owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. 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 modified their holdings of TPG. ORG Wealth Partners LLC acquired a new position in TPG in the 4th quarter valued at $33,000. Versant Capital Management Inc raised its stake in shares of TPG by 12,263.6% during the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after buying an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of TPG in the 4th quarter valued at approximately $67,000. 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. Finally, R Squared Ltd purchased a new position in TPG in the fourth quarter worth $97,000. 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.