The Goldman Sachs Group Raises TPG (NASDAQ:TPG) Price Target to $31.00

TPG (NASDAQ:TPGGet Rating) had its target price hoisted by The Goldman Sachs Group to $31.00 in a research note issued to investors on Monday, Stock Target Advisor reports.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company increased their price target on TPG from $26.00 to $30.00 and gave the stock an equal weight rating in a research report on Wednesday, August 10th. Evercore ISI increased their price target on TPG to $33.00 in a research report on Monday. Morgan Stanley increased their price target on TPG from $27.00 to $28.00 and gave the stock an equal weight rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on TPG from $36.00 to $31.00 and set an overweight rating on the stock in a research report on Friday, July 8th. Finally, JMP Securities began coverage on TPG in a research report on Wednesday, June 8th. They set a market perform rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $33.00.

TPG Stock Up 0.1 %

TPG stock opened at $32.42 on Monday. The business’s 50-day moving average price is $26.82 and its 200 day moving average price is $27.91. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. TPG has a 52 week low of $23.09 and a 52 week high of $35.40.

TPG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.56 annualized dividend and a dividend yield of 4.81%.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently made changes to their positions in TPG. Citigroup Inc. acquired a new stake in shares of TPG in the first quarter valued at approximately $33,000. Glassman Wealth Services acquired a new stake in shares of TPG in the second quarter valued at approximately $88,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of TPG in the second quarter valued at approximately $99,000. Russell Investments Group Ltd. acquired a new stake in shares of TPG in the second quarter valued at approximately $145,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of TPG in the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 3.75% of the company’s stock.

About TPG

(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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Analyst Recommendations for TPG (NASDAQ:TPG)

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