TPG Inc. (NASDAQ:TPG – Get Rating)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $24.13, but opened at $25.67. TPG shares last traded at $25.67, with a volume of 200 shares changing hands.
A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their price target on TPG from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Tuesday, March 29th. Wells Fargo & Company cut their price target on TPG from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, April 19th. UBS Group dropped their price objective on TPG from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Morgan Stanley dropped their price objective on TPG from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on TPG from $44.00 to $42.00 in a report on Thursday, May 19th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, TPG currently has a consensus rating of “Hold” and a consensus price target of $34.17.
The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $27.03.
The company also recently declared a — dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 20th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 19th.
A number of large investors have recently added to or reduced their stakes in TPG. Citigroup Inc. bought a new stake in shares of TPG during the 1st quarter worth approximately $33,000. Gamco Investors INC. ET AL bought a new stake in shares of TPG during the 1st quarter worth approximately $226,000. Bristlecone Advisors LLC bought a new stake in shares of TPG during the 1st quarter worth approximately $240,000. Sawtooth Solutions LLC bought a new stake in TPG in the 1st quarter valued at $304,000. Finally, Oppenheimer & Co. Inc. bought a new stake in TPG in the 1st quarter valued at $402,000. 3.75% of the stock is owned by hedge funds and other institutional investors.
About TPG (NASDAQ:TPG)
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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