Bradford Berenson Sells 2,509 Shares of TPG Inc. (NASDAQ:TPG) Stock

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

TPG Stock Up 0.6 %

NASDAQ:TPG traded up $0.31 during mid-day trading on Tuesday, hitting $52.55. 1,590,303 shares of the company's stock traded hands, compared to its average volume of 986,439. The company has a fifty day moving average of $58.50 and a 200 day moving average of $61.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market capitalization of $19.42 billion, a P/E ratio of -119.43, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

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TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.03%. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is currently -481.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Finally, Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $63.18.

Institutional Investors Weigh In On TPG

A number of large investors have recently made changes to their positions in TPG. ORG Wealth Partners LLC acquired a new stake in TPG during the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC purchased a new stake in TPG in the fourth quarter valued at approximately $67,000. Comerica Bank increased its holdings in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares during the period. R Squared Ltd purchased a new position in TPG during the 4th quarter worth approximately $97,000. Finally, KBC Group NV raised its position in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.