Trust Co. of Vermont Purchases 4,819 Shares of TPG Inc. $TPG

Key Points

• Trust Co. of Vermont increased its holdings in TPG Inc. by 11.2% during the 2nd quarter, purchasing an additional 4,819 shares, worth approximately $2,519,000 by the end of the reporting period.
• TPG recently announced a quarterly dividend of $0.59, significantly up from the previous $0.41, resulting in an annual yield of 4.1%.
• TPG's earnings report showed $0.69 earnings per share, exceeding the expected $0.45, with a year-over-year revenue increase of 8.9%.

Trust Co. of Vermont boosted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 11.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,022 shares of the company's stock after purchasing an additional 4,819 shares during the quarter. Trust Co. of Vermont's holdings in TPG were worth $2,519,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in TPG by 17.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,475 shares of the company's stock valued at $340,000 after purchasing an additional 965 shares during the period. Signaturefd LLC boosted its stake in TPG by 32.4% in the 2nd quarter. Signaturefd LLC now owns 1,910 shares of the company's stock valued at $100,000 after purchasing an additional 467 shares during the period. Public Employees Retirement System of Ohio boosted its stake in TPG by 52.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 40,825 shares of the company's stock valued at $2,141,000 after purchasing an additional 13,998 shares during the period. GAMMA Investing LLC boosted its stake in TPG by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company's stock valued at $50,000 after purchasing an additional 338 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its stake in TPG by 38.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 76,985 shares of the company's stock valued at $4,038,000 after purchasing an additional 21,522 shares during the period. 94.03% of the stock is currently owned by institutional investors.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the transaction, the director owned 16,807 shares of the company's stock, valued at $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 76.48% of the stock is currently owned by insiders.

TPG Price Performance

Shares of TPG stock opened at $57.45 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a market cap of $21.71 billion, a P/E ratio of -302.37, a P/E/G ratio of 1.23 and a beta of 1.56. The business has a fifty day simple moving average of $60.33 and a 200 day simple moving average of $53.07.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.24. TPG had a return on equity of 25.79% and a net margin of 1.60%.The business had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. During the same period in the prior year, the company earned $0.49 EPS. TPG's revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from TPG's previous quarterly dividend of $0.41. TPG's payout ratio is currently -1,242.11%.

Analyst Ratings Changes

TPG has been the subject of a number of recent analyst reports. Citigroup upped their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Zacks Research upgraded TPG from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Evercore ISI upped their target price on TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. BNP Paribas upgraded TPG to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Wolfe Research initiated coverage on TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, TPG currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

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.

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