Trust Co. of Vermont Has $2.52 Million Position in TPG Inc. $TPG

Trust Co. of Vermont boosted its position in TPG Inc. (NASDAQ:TPG) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,022 shares of the company’s stock after purchasing an additional 4,819 shares during the period. Trust Co. of Vermont’s holdings in TPG were worth $2,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in TPG by 17.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,475 shares of the company’s stock worth $340,000 after purchasing an additional 965 shares in the last quarter. Signaturefd LLC increased its stake in shares of TPG by 32.4% in the second quarter. Signaturefd LLC now owns 1,910 shares of the company’s stock valued at $100,000 after buying an additional 467 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of TPG by 52.2% in the second quarter. Public Employees Retirement System of Ohio now owns 40,825 shares of the company’s stock valued at $2,141,000 after buying an additional 13,998 shares during the period. GAMMA Investing LLC increased its stake in shares of TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after buying an additional 338 shares during the period. Finally, Clear Harbor Asset Management LLC increased its stake in shares of TPG by 38.8% in the second quarter. Clear Harbor Asset Management LLC now owns 76,985 shares of the company’s stock valued at $4,038,000 after buying an additional 21,522 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TPG shares. Evercore ISI increased their price target on TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research note on Friday, August 8th. Wolfe Research started coverage on TPG in a research note on Friday, June 20th. They issued an “outperform” rating and a $60.00 price target for the company. JPMorgan Chase & Co. increased their price target on TPG from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Zacks Research raised TPG from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Finally, Wells Fargo & Company increased their price target on TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TPG has an average rating of “Moderate Buy” and a consensus target price of $62.57.

TPG Stock Down 2.5%

Shares of TPG stock opened at $57.45 on Wednesday. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50-day moving average is $60.33 and its 200 day moving average is $53.07. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of -302.37, a PEG ratio of 1.23 and a beta of 1.56.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating 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 company had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

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

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at approximately $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 76.48% of the company’s stock.

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.