TPG Inc. (NASDAQ:TPG) General Counsel Bradford Berenson Sells 2,509 Shares

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

TPG Stock Performance

NASDAQ TPG opened at $50.00 on Friday. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $58.69 and a 200 day moving average of $61.72.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Sell-side analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. 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 4.24%. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is presently -481.82%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On TPG

A number of hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of TPG in the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC purchased a new stake in shares of TPG in the fourth quarter valued at approximately $67,000. Comerica Bank grew its position in shares of 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 purchasing an additional 450 shares in the last quarter. R Squared Ltd purchased a new stake in shares of TPG in the fourth quarter valued at approximately $97,000. Finally, KBC Group NV grew 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 purchasing an additional 482 shares in the last quarter. Institutional investors and hedge funds 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.