Texas Pacific Land Trust (TPL) Stake Lowered by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its holdings in Texas Pacific Land Trust (NYSE:TPL) by 52.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,000 shares of the financial services provider’s stock after selling 2,200 shares during the period. Bahl & Gaynor Inc.’s holdings in Texas Pacific Land Trust were worth $1,011,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Swiss National Bank boosted its position in Texas Pacific Land Trust by 1.9% during the fourth quarter. Swiss National Bank now owns 10,817 shares of the financial services provider’s stock valued at $4,831,000 after purchasing an additional 200 shares during the last quarter. Santa Monica Partners LP acquired a new stake in Texas Pacific Land Trust during the fourth quarter valued at $7,861,000. IFP Advisors Inc boosted its position in Texas Pacific Land Trust by 83.7% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 340 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in Texas Pacific Land Trust during the fourth quarter valued at $1,832,000. Finally, Bessemer Group Inc. acquired a new stake in Texas Pacific Land Trust during the fourth quarter valued at $223,000. 39.91% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

TPL opened at $706.70 on Friday. The firm has a market cap of $5.30 billion, a P/E ratio of 48.50 and a beta of 1.05. Texas Pacific Land Trust has a 1 year low of $279.33 and a 1 year high of $707.99.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings data on Monday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter. The firm had revenue of $26.55 million during the quarter. Texas Pacific Land Trust had a return on equity of 143.43% and a net margin of 78.14%.

Texas Pacific Land Trust Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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