TPG Inc. (NASDAQ:TPG) Stake Raised by Trust Co. of Vermont

Trust Co. of Vermont grew its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 24.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,203 shares of the company's stock after purchasing an additional 8,380 shares during the quarter. Trust Co. of Vermont's holdings in TPG were worth $2,049,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TPG. Versant Capital Management Inc increased its stake in TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock valued at $65,000 after purchasing an additional 1,349 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of TPG during the 4th quarter valued at about $67,000. Comerica Bank lifted its holdings in shares of TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after acquiring an additional 450 shares during the period. Vicus Capital acquired a new stake in shares of TPG in the first quarter worth approximately $204,000. Finally, Stifel Financial Corp purchased a new stake in TPG in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Insider Activity at TPG

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 76.48% of the company's stock.

TPG Stock Up 0.8%

TPG stock traded up $0.41 during midday trading on Tuesday, hitting $52.86. 891,723 shares of the company's stock were exchanged, compared to its average volume of 1,332,051. The firm has a 50 day moving average price of $49.12 and a 200-day moving average price of $54.02. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of -160.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.42.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). TPG had a return on equity of 24.47% and a net margin of 0.90%. The company had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. During the same quarter last year, the firm posted $0.49 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.41 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. TPG's dividend payout ratio (DPR) is presently -496.97%.

Analyst Ratings Changes

TPG has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their target price on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wolfe Research assumed coverage on TPG in a research note on Friday, June 20th. They set an "outperform" rating and a $60.00 price target for the company. Bank of America cut their price objective on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, TD Cowen decreased their target price on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, TPG presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.23.

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.