Trust Co. of Vermont Grows Stake in TPG Inc. $TPG

Trust Co. of Vermont increased its position in shares of TPG Inc. (NASDAQ:TPG) by 20.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of TPG in the second quarter valued at $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after acquiring an additional 524 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 acquiring an additional 338 shares in the last quarter. MAI Capital Management increased its holdings in TPG by 572.3% during the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in TPG by 43.8% during the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company’s stock worth $72,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Up 2.1%

Shares of TPG opened at $66.01 on Tuesday. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.11. The company has a market capitalization 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 stock has a fifty day moving average of $58.67 and a two-hundred day moving average of $57.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million for the quarter, compared to analyst estimates of $510.32 million. TPG had a return on equity of 25.79% and a net margin of 2.83%.TPG’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. As a group, analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 15th. Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lowered their target price on TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Zacks Research downgraded TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Bank of America upped their price objective on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.