Insider Selling: TPG Inc. (NASDAQ:TPG) Director Sells 1,695 Shares of Stock

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

TPG Stock Performance

NASDAQ:TPG traded up $2.90 during trading on Wednesday, reaching $66.00. The company’s stock had a trading volume of 997,804 shares, compared to its average volume of 1,005,289. TPG Inc. has a 12 month low of $38.20 and a 12 month high of $72.98. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of -194.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The firm has a 50 day moving average of $66.62 and a 200-day moving average of $57.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

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

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s dividend payout ratio (DPR) is currently -447.06%.

Institutional Investors Weigh In On TPG

Institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in shares of TPG in the fourth quarter worth about $33,000. Signaturefd LLC grew its stake in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. Covestor Ltd raised its holdings in TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. KBC Group NV lifted its position 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 acquiring an additional 482 shares in the last quarter. Finally, Quarry LP lifted its position in shares of TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TPG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen lowered their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price target on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.58.

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.