Deborah M. Messemer Sells 1,695 Shares of TPG Inc. (NASDAQ:TPG) Stock

TPG Inc. (NASDAQ:TPG) Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on 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 transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

TPG Stock Up 2.3 %

Shares of NASDAQ:TPG opened at $67.03 on Friday. TPG Inc. has a 1 year low of $38.50 and a 1 year high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $66.58 and a 200 day simple moving average of $58.20.

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

TPG Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI raised their price objective on TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday. TD Cowen dropped their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.00.

Institutional Trading of TPG

Several large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC lifted its stake in shares of TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after purchasing an additional 992,818 shares during the last quarter. Millennium Management LLC increased its position in TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after buying an additional 922,571 shares during the last quarter. Barclays PLC raised its holdings in TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after buying an additional 597,972 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of TPG by 902.4% in the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after buying an additional 376,848 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of TPG by 5.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after acquiring an additional 366,306 shares in the last quarter. 94.03% of the stock is owned by 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.