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TPG (NASDAQ:TPG) Shares Rise Following Analyst Upgrade

TPG (NASDAQ:TPG) Shares Rise Following Analyst Upgrade

The price target for TPG Inc. (NASDAQ: TPG) at Deutsche Bank Aktiengesellschaft was raised from $43.00 to $44.00, which led to an increase in the stock before the trading session on Wednesday. When trading started, the stock price was $33.29, but by the time it was done, it had settled at $32.46. The most recent price that TPG stock was traded at was $32.94, with a total volume of 9,599 shares transacted.

A few other analysts have also published recent research papers on the stock. On Monday, November 14, Morgan Stanley released a research note that increased their price objective on TPG shares from $28.00 to $30.00 and categorized the company as “equal weight.” The price target of $37.00 that BMO Capital Markets has established for TPG’s stock has been increased to $40.00, and the rating of “market perform” that they have assigned to the company’s stock has been raised to $40.00 as well. A research note published on November 17 brought both of these alterations to the general public’s attention. In a research report that was made public on October 17, Jefferies Financial Group broke the news that it would begin covering TPG shares. The announcement was made in the report. They recommended to investors that they “keep” their positions in the company, and they projected that the stock would reach a price of $30.00 within the next month. The research note that Wells Fargo & Company published on November 10 stated that they have increased their target price for TPG shares from $30.00 to $34.00 and categorized the company as “equal weight.” Finally, the Credit Suisse Group forecast, in a research study released on November 23, that the price of a share of TPG would rise to $31.50 within the next year. Three research experts have suggested that investors purchase the company’s shares, while nine others have suggested that investors maintain their current holdings of the company’s stock. According to the data made available by Bloomberg, the current recommendation for TPG is “Hold,” and the price target has been established at $34.29.

Recently, there has been a change in the proportion of holdings institutional investors have in the company. To strengthen its position in TPG during the first three months of 2018, Citigroup Inc. invested approximately $33,000 in additional capital. Advanced Research Investment Solutions LLC completed a transaction in the third quarter that acquired a new stake in TPG. The total value of this transaction was approximately $56,000. During the third quarter, approximately 61,000 dollars were put forth by BNP Paribas Arbitrage SNC to bolster its holdings in TPG. Glassman Wealth Services added approximately $88,000 to its holdings of TPG during the second quarter of the year. During the second quarter, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TPG by purchasing a new position valued at approximately $99,000. This was the final and most significant change that took place. To the tune of 12.94% of the outstanding shares, hedge funds and other institutional investors are the owners.

The moving average of the company’s stock price over the past 50 days is $32.31, and the moving average over the last 200 days is $29.93. The company’s market capitalization is currently valued at $10.14 billion, and its PE ratio stands at 405.80 at present. The ratio of debt to equity, the quick ratio, and the current ratio each equal 0.14, and together they equal 0.30.

On November 9, TPG (NASDAQ: TPG) disclosed the outcomes of its most recent financial report covering the preceding three months. The company reported earnings per share (EPS) for the period at $0.30, which was $0.07 lower than the consensus expectation of $0.37. It was projected that the company would bring in $265.82 million in revenue for the quarter. Still, the actual sales for the company came in at $282.29 million, which is a significant increase from the projection. Equity research professionals anticipate that TPG Inc. will generate earnings of $1.82 per share in the current fiscal year, and they base this projection on historical trends.

In addition, the company recently announced and paid a quarterly dividend, which was paid out on December 2 of this year. The dividend was declared and paid out. On Monday, November 21, dividends for $0.26 per share were distributed to shareholders whose information was already on record. These shareholders were successful in getting their dividends. This past Friday, November 18, was the deadline for customers to submit their payment to receive the dividend. This translates to a dividend payment of $1.04 per share and a yield of 3.17% when calculated annually. The payout ratio for TPG is 1.300016% of total revenue.

The management of alternative assets worldwide falls under the purview of TPG Inc. In addition to providing portfolio company monitoring services, advisory services, debt and equity arrangements, underwriting and placement services, capital structuring services, and other advisory services, it provides investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles.


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