TPG (NASDAQ:TPG – Get Rating) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $34.00 target price on the stock, down from their previous target price of $35.00. JPMorgan Chase & Co.'s target price suggests a potential upside of 6.55% from the company's previous close.

TPG has been the topic of several other research reports. Jefferies Financial Group started coverage on TPG in a report on Monday, October 17th. They issued a "hold" rating and a $30.00 price target on the stock. Exane BNP Paribas downgraded TPG from an "outperform" rating to a "neutral" rating in a report on Friday, October 14th. BNP Paribas cut TPG from an "outperform" rating to a "neutral" rating and set a $32.00 target price on the stock. in a research report on Friday, October 14th. Morgan Stanley raised their target price on TPG from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, November 14th. Finally, UBS Group raised their target price on TPG from $35.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, November 15th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.38.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $31.91 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.30 and a quick ratio of 0.30. TPG has a 12 month low of $23.09 and a 12 month high of $44.43. The firm has a market capitalization of $9.86 billion and a PE ratio of 398.92. The business has a 50-day moving average of $31.76 and a two-hundred day moving average of $30.55.

Institutional Investors Weigh In On TPG

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of TPG by 58.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,212,886 shares of the company's stock worth $145,126,000 after acquiring an additional 1,921,896 shares in the last quarter. Capital International Investors acquired a new stake in shares of TPG in the first quarter worth $114,248,000. Capital Research Global Investors acquired a new stake in shares of TPG in the first quarter worth $114,229,000. Pendal Group Ltd acquired a new stake in shares of TPG in the third quarter worth $78,679,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of TPG by 0.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,642,441 shares of the company's stock worth $73,565,000 after buying an additional 20,141 shares during the period. 12.94% of the stock is owned by institutional investors.

TPG Company Profile

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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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