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 stock in a transaction dated Tuesday, January 14th. The stock was 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 approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TPG Trading Up 4.6 %

Shares of TPG traded up $2.90 during mid-day 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 52 week low of $38.20 and a 52 week high of $72.98. The stock has a market cap of $24.09 billion, a PE ratio of -194.11, a P/E/G ratio of 1.11 and a beta of 1.49. The company’s fifty day moving average price is $66.62 and its two-hundred day moving average price is $57.91. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company 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 quarter last year, the company earned $0.56 EPS. On average, analysts predict that TPG Inc. will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.38 per share. 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 is presently -447.06%.

Analyst Upgrades and Downgrades

TPG has been the topic of several recent analyst reports. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley boosted their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.58.

Hedge Funds Weigh In On TPG

A number of large investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the fourth quarter valued at approximately $33,000. Signaturefd LLC boosted its position in TPG by 21.3% during 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 during the period. Covestor Ltd grew its holdings in TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares during the last quarter. KBC Group NV increased its position in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Finally, Quarry LP increased its position in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.