Trust Co. of Vermont Makes New $2.19 Million Investment in TPG Inc. (NASDAQ:TPG)

Trust Co. of Vermont bought a new position in shares of TPG Inc. (NASDAQ:TPG) during the fourth quarter, Holdings Channel reports. The institutional investor bought 34,823 shares of the company’s stock, valued at approximately $2,188,000.

A number of other large investors also recently modified their holdings of TPG. Millennium Management LLC boosted its position in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares during the period. Franklin Resources Inc. boosted its holdings in shares of TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after acquiring an additional 244,373 shares during the period. Lord Abbett & CO. LLC grew its position in shares of TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after acquiring an additional 992,818 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the period. Finally, State Street Corp lifted its position in TPG by 5.0% in the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock valued at $81,849,000 after purchasing an additional 67,597 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the business’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 transaction of $104,937.45. Following the sale, the director now owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % 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 the SEC website. 76.48% of the stock is currently owned by corporate insiders.

TPG Trading Up 2.3 %

NASDAQ:TPG opened at $67.03 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The company has a 50-day moving average of $66.58 and a 200-day moving average of $58.32. TPG Inc. has a twelve month low of $38.50 and a twelve month high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $449.98 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities analysts expect that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

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

Analyst Upgrades and Downgrades

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

About TPG

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.