TPG Inc. (NASDAQ:TPG) General Counsel Sells $125,550.36 in Stock

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

TPG Price Performance

Shares of NASDAQ:TPG opened at $50.00 on Friday. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The business has a 50-day simple moving average of $58.69 and a two-hundred day simple moving average of $61.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of -113.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last issued its 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%. On average, analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

Hedge Funds Weigh In On TPG

Several institutional investors have recently made changes to their positions in TPG. ORG Wealth Partners LLC bought a new position in shares of TPG in the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC bought a new position in shares of TPG in the 4th quarter worth approximately $67,000. Comerica Bank lifted its stake in shares of TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after purchasing an additional 450 shares during the period. R Squared Ltd bought a new position in shares of TPG in the 4th quarter worth approximately $97,000. Finally, KBC Group NV lifted its stake 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 during the period. Institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

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

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.