TPG Inc. $TPG Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont lifted its position in TPG Inc. (NASDAQ:TPG) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,631 shares of the company’s stock after purchasing an additional 9,609 shares during the quarter. Trust Co. of Vermont’s holdings in TPG were worth $3,311,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in TPG by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after purchasing an additional 234 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of TPG by 3.1% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock valued at $411,000 after buying an additional 238 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after buying an additional 238 shares during the period. QRG Capital Management Inc. boosted its stake in shares of TPG by 3.0% during the second quarter. QRG Capital Management Inc. now owns 8,251 shares of the company’s stock worth $433,000 after buying an additional 241 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TPG. Citigroup reduced their price objective on TPG from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. TD Cowen upped their price target on TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Cowen reaffirmed a “hold” rating on shares of TPG in a report on Wednesday, November 5th. UBS Group assumed coverage on shares of TPG in a research note on Thursday, December 11th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on shares of TPG in a research report on Friday, October 3rd. They set an “outperform” rating and a $65.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.67.

TPG Stock Up 2.1%

TPG stock opened at $66.01 on Tuesday. The stock’s 50 day moving average price is $58.67 and its 200 day moving average price is $57.79. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $70.11. The company has a market cap of $24.96 billion, a PE ratio of 733.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, November 4th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The business had revenue of $509.40 million during the quarter, compared to analyst estimates of $510.32 million. During the same period last year, the business posted $0.45 EPS. TPG’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. TPG’s dividend payout ratio (DPR) is 2,000.00%.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.