Trust Co. of Vermont Buys 8,380 Shares of TPG Inc. (NASDAQ:TPG)

Trust Co. of Vermont grew its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 24.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,203 shares of the company's stock after buying an additional 8,380 shares during the quarter. Trust Co. of Vermont's holdings in TPG were worth $2,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPG. Versant Capital Management Inc grew its stake in shares of TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of TPG in the fourth quarter worth $67,000. Comerica Bank grew its stake in shares of TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares during the last quarter. Vicus Capital bought a new stake in shares of TPG in the first quarter worth $204,000. Finally, Stifel Financial Corp bought a new stake in shares of TPG in the fourth quarter worth $206,000. Institutional investors own 94.03% of the company's stock.

TPG Price Performance

Shares of NASDAQ TPG opened at $53.09 on Friday. The firm's 50-day moving average price is $48.91 and its 200-day moving average price is $54.33. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The firm has a market capitalization of $19.62 billion, a P/E ratio of -160.88, a P/E/G 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.90% and a return on equity of 24.47%. The company had revenue of $476.26 million for the quarter, compared to analyst estimates of $459.75 million. During the same quarter in the prior year, the company posted $0.49 EPS. TPG's revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued 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 3.09%. TPG's dividend payout ratio is presently -496.97%.

Insider Buying and Selling

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 69.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Wells Fargo & Company upped their price target on shares of TPG from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. TD Cowen cut their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 price target (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Wolfe Research assumed coverage on shares of TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.23.

TPG 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.

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