Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for TPG (NASDAQ:TPG) Stock

TPG (NASDAQ:TPG) had its price target increased by Deutsche Bank Aktiengesellschaft from $67.00 to $69.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on TPG. TD Cowen decreased their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Morgan Stanley raised their price target on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets boosted their price objective on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI lifted their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.67.

TPG Trading Up 0.6 %

TPG stock opened at $65.90 on Monday. TPG has a one year low of $33.45 and a one year high of $70.67. The company’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $50.45. The company has a market capitalization of $24.04 billion, a price-to-earnings ratio of -193.82, a PEG ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, analysts forecast that TPG will post 1.94 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, November 14th. TPG’s dividend payout ratio is -494.10%.

Institutional Trading of TPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPG. International Assets Investment Management LLC bought a new position in TPG during the second quarter worth about $25,000. Signaturefd LLC raised its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares in the last quarter. Covestor Ltd lifted its position in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG in the 1st quarter valued at $112,000. Finally, KBC Group NV boosted its stake in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Institutional investors own 86.79% 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.