Trust Co. of Vermont Takes Position in TPG Inc. (NASDAQ:TPG)

Trust Co. of Vermont bought a new position in shares of TPG Inc. (NASDAQ:TPG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,823 shares of the company’s stock, valued at approximately $2,188,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPG. ORG Wealth Partners LLC purchased a new position in shares of TPG during the 4th quarter worth $33,000. Signaturefd LLC boosted its stake in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares during the last quarter. Covestor Ltd boosted its stake 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 buying an additional 1,715 shares during the last quarter. KBC Group NV grew its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the period. Finally, Quarry LP increased its stake in shares of TPG by 136.2% during the 3rd 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 last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted 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. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company lowered their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI raised their price objective on TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, TPG presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 76.48% of the stock is currently owned by corporate insiders.

TPG Stock Performance

NASDAQ TPG opened at $67.03 on Friday. The business has a 50 day moving average price of $66.58 and a two-hundred day moving average price of $58.32. TPG Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same period last year, the business earned $0.56 EPS. On average, equities analysts predict that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.27%. TPG’s dividend payout ratio is presently -447.05%.

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.