Insider Selling: TPG Inc. (NASDAQ:TPG) Director Sells $104,937.45 in Stock

TPG Inc. (NASDAQ:TPG) Director Deborah M. Messemer sold 1,695 shares of TPG 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 directly owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TPG Price Performance

TPG stock opened at $65.50 on Friday. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of -192.64, a PEG ratio of 0.80 and a beta of 1.49. The stock’s 50 day moving average is $66.56 and its 200-day moving average is $58.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 12 month low of $38.20 and a 12 month high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter last year, the business earned $0.56 EPS. Equities research analysts expect that TPG Inc. will post 1.95 EPS for the current 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 paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio (DPR) is -447.05%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Morgan Stanley boosted 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. TD Cowen cut their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their target price 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in shares of TPG in the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its holdings in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after acquiring an additional 188 shares in the last quarter. Covestor Ltd lifted its position in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. KBC Group NV grew its holdings in shares of TPG by 25.1% during 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. Finally, Quarry LP increased its position in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the period. 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.