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

TPG Inc. (NASDAQ:TPG) General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % 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 Down 1.0 %

TPG stock opened at $50.00 on Friday. The company has a market capitalization of $18.47 billion, a PE ratio of -113.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The company’s 50 day moving average price is $58.69 and its two-hundred day moving average price is $61.81. 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 (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPG. ORG Wealth Partners LLC bought a new stake in TPG in the fourth quarter valued at $33,000. Fourth Dimension Wealth LLC bought a new stake in TPG in the fourth quarter valued at $67,000. Comerica Bank boosted its holdings in TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after acquiring an additional 450 shares in the last quarter. R Squared Ltd bought a new stake in TPG in the fourth quarter valued at $97,000. Finally, KBC Group NV boosted its holdings in 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 in the last quarter. Institutional investors own 94.03% of the company’s stock.

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.