TPG Inc. (NASDAQ:TPG) Director Deborah M. Messemer Sells 1,796 Shares

TPG Inc. (NASDAQ:TPG - Get Free Report) Director Deborah M. Messemer sold 1,796 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director directly owned 16,807 shares in the company, valued at approximately $946,570.24. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TPG Trading Up 0.6%

Shares of NASDAQ:TPG traded up $0.33 during mid-day trading on Thursday, hitting $56.69. The company had a trading volume of 2,487,318 shares, compared to its average volume of 1,369,027. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The firm has a fifty day moving average price of $51.25 and a 200 day moving average price of $53.26. The company has a market capitalization of $21.11 billion, a PE ratio of -171.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.55.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 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 analyst estimates of $459.75 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, May 19th. TPG's payout ratio is -496.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPG. Allworth Financial LP increased its position in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC boosted its stake in TPG by 55.7% during 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 last quarter. Versant Capital Management Inc increased its holdings in TPG by 12,263.6% during the 1st 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 in the last quarter. Fourth Dimension Wealth LLC bought a new stake in TPG during the 4th quarter worth approximately $67,000. Finally, Comerica Bank raised 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. Institutional investors own 94.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TPG shares. Bank of America cut their price target on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Evercore ISI raised their price target on shares of TPG from $49.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. UBS Group reduced their price target on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. TD Cowen decreased their price target on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Wolfe Research assumed coverage on TPG in a research note on Friday, June 20th. They issued an "outperform" rating and a $60.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.77.

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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