Insider Selling: TPG Inc. (NASDAQ:TPG) General Counsel Sells 2,509 Shares of Stock

TPG Inc. (NASDAQ:TPG) General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction 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 sale, the general counsel now directly owns 290,841 shares of the company’s stock, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TPG Stock Down 1.0 %

TPG opened at $50.00 on Monday. The firm has a market capitalization of $18.47 billion, a P/E 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 has a fifty day moving average price of $58.69 and a 200-day moving average price of $61.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

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

TPG Increases Dividend

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

Wall Street Analyst Weigh In

TPG has been the subject of several recent research reports. Evercore ISI lifted their price objective on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price target on shares of TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday. 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 research note on Friday, December 20th. Finally, JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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 and other institutional investors have recently bought and sold shares of TPG. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the 4th quarter valued at $33,000. Fourth Dimension Wealth LLC purchased a new stake in TPG during the fourth quarter valued at about $67,000. Comerica Bank raised its position in TPG by 71.4% during 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 bought a new stake in TPG during the fourth quarter worth about $97,000. Finally, KBC Group NV boosted its holdings in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.