TPG (NASDAQ:TPG) Now Covered by Analysts at JMP Securities

Analysts at JMP Securities began coverage on shares of TPG (NASDAQ:TPGGet Rating) in a note issued to investors on Wednesday, The Fly reports. The firm set a “market perform” rating on the stock.

TPG has been the subject of a number of other research reports. UBS Group reduced their price objective on TPG from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, March 29th. Zacks Investment Research cut TPG from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price target on TPG from $44.00 to $42.00 in a research report on Thursday, May 19th. BMO Capital Markets boosted their price target on TPG from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 29th. Finally, Citigroup reduced their price target on TPG from $32.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.86.

Shares of TPG stock opened at $28.22 on Wednesday. TPG has a 1-year low of $24.78 and a 1-year high of $35.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $27.53.

TPG (NASDAQ:TPGGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. On average, equities research analysts anticipate that TPG will post 1.64 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of TPG. Citigroup Inc. bought a new stake in shares of TPG in the 1st quarter valued at approximately $33,000. Gamco Investors INC. ET AL bought a new stake in shares of TPG in the 1st quarter valued at approximately $226,000. Bristlecone Advisors LLC bought a new stake in shares of TPG in the 1st quarter valued at approximately $240,000. Sawtooth Solutions LLC bought a new stake in shares of TPG in the 1st quarter valued at approximately $304,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of TPG in the 1st quarter valued at approximately $402,000. Hedge funds and other institutional investors own 3.75% of the company’s stock.

TPG Company Profile (Get Rating)

TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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