Wells Fargo & Company Has Lowered Expectations for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price objective dropped by investment analysts at Wells Fargo & Company from $66.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 31.05% from the stock’s current price.

A number of other brokerages have also weighed in on TPG. Evercore ISI raised their price target on shares of 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 reduced their price target on TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Friday. Citigroup lowered 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. BMO Capital Markets upped their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their target price on shares of TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Seven 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.85.

TPG Price Performance

TPG traded down $1.92 during trading on Tuesday, reaching $39.68. The stock had a trading volume of 2,593,624 shares, compared to its average volume of 1,068,230. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of -90.18, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $54.49 and a two-hundred day moving average of $61.41. TPG has a 1-year low of $37.52 and a 1-year high of $72.98.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, equities analysts anticipate that TPG will post 2.52 EPS for the current fiscal year.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred 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 sale, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TPG

Several hedge funds have recently modified their holdings of TPG. ORG Wealth Partners LLC purchased a new position in shares of TPG in the 4th quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new position in TPG during the 4th quarter valued at about $67,000. Comerica Bank grew its position in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after buying an additional 450 shares in the last quarter. Versant Capital Management Inc raised its position in TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after acquiring an additional 1,349 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of TPG in the 4th quarter valued at $97,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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.