TPG (NASDAQ:TPG) Price Target Lowered to $44.00 at Jefferies Financial Group

TPG (NASDAQ:TPG) had its price target dropped by research analysts at Jefferies Financial Group from $46.00 to $44.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 2.49% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price target on shares of TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Morgan Stanley upped their target price on TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods boosted their price target on TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. TheStreet downgraded TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a research report on Monday, April 1st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, TPG currently has an average rating of “Hold” and a consensus target price of $40.25.

TPG Price Performance

Shares of TPG traded down $0.59 during trading hours on Thursday, hitting $42.93. 943,206 shares of the company were exchanged, compared to its average volume of 771,128. The firm has a fifty day simple moving average of $44.37 and a 200-day simple moving average of $40.38. The company has a market capitalization of $15.66 billion, a PE ratio of -1,074.75, a PEG ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. TPG has a one year low of $24.74 and a one year high of $47.20.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $512.30 million for the quarter, compared to the consensus estimate of $452.87 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. During the same period in the previous year, the business earned $0.24 EPS. The company’s revenue was up 64.5% on a year-over-year basis. As a group, sell-side analysts predict that TPG will post 2.09 earnings per share for the current year.

Insider Buying and Selling

In related news, President Todd Benjamin Sisitsky sold 52,807 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the completion of the sale, the president now directly owns 396,982 shares of the company’s stock, valued at $16,530,330.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other TPG news, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Todd Benjamin Sisitsky sold 52,807 shares of TPG stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $2,198,883.48. Following the transaction, the president now owns 396,982 shares of the company’s stock, valued at approximately $16,530,330.48. The disclosure for this sale can be found here. Insiders sold 2,434,129 shares of company stock worth $101,357,132 in the last quarter. Insiders own 78.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of TPG in the fourth quarter valued at $52,189,000. Massachusetts Financial Services Co. MA raised its holdings in TPG by 18.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock valued at $127,634,000 after acquiring an additional 462,355 shares during the period. Vanguard Group Inc. lifted its position in TPG by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after acquiring an additional 320,972 shares during the last quarter. Grafton Street Partners Fund LP acquired a new position in shares of TPG in the fourth quarter valued at approximately $11,479,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock worth $18,988,000 after purchasing an additional 265,706 shares during the period. 86.79% of the stock is owned by institutional investors and hedge funds.

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.