TPG Inc. (NASDAQ:TPG) General Counsel Bradford Berenson Sells 2,509 Shares

TPG Inc. (NASDAQ:TPG) General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TPG Price Performance

NASDAQ:TPG traded down $0.49 during trading hours on Friday, reaching $50.00. 2,591,349 shares of the company traded hands, compared to its average volume of 981,478. The firm’s 50-day moving average is $58.94 and its 200-day moving average is $61.72. The stock has a market cap of $18.47 billion, a P/E ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a 1-year low of $39.18 and a 1-year high of $72.98.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Equities research analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

Institutional Investors Weigh In On TPG

A number of large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of TPG during the third quarter worth $269,000. KBC Group NV boosted its holdings in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the last quarter. Swiss National Bank boosted its holdings in shares of TPG by 5.9% during the third quarter. Swiss National Bank now owns 144,600 shares of the company’s stock worth $8,323,000 after purchasing an additional 8,100 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after purchasing an additional 31,638 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of TPG by 803.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock worth $615,000 after purchasing an additional 9,495 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Evercore ISI upped their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.18.

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.