TPG (NASDAQ:TPG) Trading Down 11.6% – Should You Sell?

TPG Inc. (NASDAQ:TPG) shares traded down 11.6% during mid-day trading on Thursday . The company traded as low as $49.87 and last traded at $49.5810. 987,843 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 2,263,742 shares. The stock had previously closed at $56.09.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. Morgan Stanley set a $67.00 target price on TPG in a report on Tuesday, January 27th. Citigroup decreased their price target on shares of TPG from $70.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. cut their target price on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Barclays assumed coverage on shares of TPG in a research note on Wednesday, January 28th. They set an “overweight” rating and a $78.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.69.

TPG Trading Down 5.5%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The company’s 50-day moving average is $63.54 and its 200-day moving average is $60.21. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 588.20, a P/E/G ratio of 0.81 and a beta of 1.50.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. TPG had a return on equity of 25.79% and a net margin of 2.83%.The business had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $548.40 million. During the same quarter last year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On TPG

Several large investors have recently made changes to their positions in the stock. Private Wealth Partners LLC increased its holdings in TPG by 88.2% in the 3rd quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock worth $6,542,000 after acquiring an additional 53,375 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in shares of TPG by 84.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock valued at $8,179,000 after purchasing an additional 65,387 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of TPG by 195.1% during the 3rd quarter. Cerity Partners LLC now owns 206,266 shares of the company’s stock worth $11,850,000 after purchasing an additional 136,374 shares during the period. Boston Partners bought a new position in shares of TPG during the second quarter valued at approximately $8,461,000. Finally, New York State Common Retirement Fund grew its position in TPG by 42.1% in the 2nd quarter. New York State Common Retirement Fund now owns 69,162 shares of the company’s stock valued at $3,628,000 after acquiring an additional 20,500 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.