TPG (NASDAQ:TPG) Raised to “Moderate Buy” at Royal Bank Of Canada

TPG (NASDAQ:TPG) was upgraded by equities researchers at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Monday, MarketBeat reports.

Several other research analysts also recently weighed in on the stock. Morgan Stanley set a $67.00 target price on shares of TPG in a research note on Tuesday, January 27th. Barclays set a $69.00 price target on shares of TPG in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Evercore set a $56.00 target price on shares of TPG in a research note on Friday, February 6th. Finally, UBS Group cut their price target on TPG from $83.00 to $60.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, TPG currently has an average rating of “Moderate Buy” and an average price target of $67.67.

TPG Price Performance

TPG stock opened at $43.04 on Monday. The stock’s 50 day moving average price is $59.60 and its 200 day moving average price is $59.34. The firm has a market cap of $16.27 billion, a P/E ratio of 97.82, a PEG ratio of 0.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. TPG has a 1 year low of $37.52 and a 1 year high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same quarter last year, the business posted $0.62 earnings per share. TPG’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of TPG

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in TPG during the second quarter worth about $37,000. International Assets Investment Management LLC purchased a new stake in shares of TPG during the fourth quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.