TPG Inc. (NASDAQ:TPG) Director Sells $104,937.45 in Stock

TPG Inc. (NASDAQ:TPG) Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TPG Trading Up 2.3 %

Shares of TPG stock opened at $67.03 on Friday. TPG Inc. has a 1-year low of $38.50 and a 1-year high of $72.98. The business’s fifty day moving average price is $66.58 and its two-hundred day moving average price is $58.20. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts anticipate that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s dividend payout ratio is currently -447.05%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TPG shares. BMO Capital Markets upped their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Evercore ISI lifted their price target on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Friday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TPG. ORG Wealth Partners LLC acquired a new stake in TPG in the fourth quarter worth approximately $33,000. Signaturefd LLC raised its stake in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares in the last quarter. Covestor Ltd lifted its holdings in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares during the period. KBC Group NV boosted its stake in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Finally, Quarry LP boosted its stake in TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after buying an additional 1,846 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.