Cookson Peirce & Co. Inc. Invests $2.26 Million in TPG Inc. $TPG

Cookson Peirce & Co. Inc. acquired a new position in shares of TPG Inc. (NASDAQ:TPG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,286 shares of the company’s stock, valued at approximately $2,257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TPG. Darlington Partners Capital Management LP acquired a new position in TPG in the 2nd quarter valued at approximately $258,581,000. Geode Capital Management LLC lifted its holdings in shares of TPG by 30.8% during the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock worth $185,136,000 after purchasing an additional 831,865 shares during the period. Franklin Resources Inc. lifted its holdings in shares of TPG by 3.8% during the second quarter. Franklin Resources Inc. now owns 2,247,049 shares of the company’s stock worth $117,858,000 after purchasing an additional 81,956 shares during the period. State Street Corp increased its holdings in TPG by 33.1% in the second quarter. State Street Corp now owns 2,062,638 shares of the company’s stock valued at $108,185,000 after purchasing an additional 512,834 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in TPG by 1.4% in the second quarter. TimesSquare Capital Management LLC now owns 1,870,616 shares of the company’s stock valued at $98,114,000 after purchasing an additional 24,970 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

TPG has been the topic of a number of recent analyst reports. TD Cowen restated a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Monday. Evercore set a $56.00 price objective on shares of TPG in a research note on Friday, February 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $80.00 target price on shares of TPG in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.00.

TPG Trading Down 1.9%

NASDAQ:TPG opened at $48.74 on Friday. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $70.38. The firm has a 50-day moving average price of $62.74 and a two-hundred day moving average price of $60.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 110.78, a price-to-earnings-growth ratio of 0.73 and a beta of 1.50.

TPG (NASDAQ:TPG) last released its earnings results on Thursday, February 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $628.48 million for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a return on equity of 26.96% and a net margin of 3.95%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. On average, equities analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.61 per share. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, February 19th. TPG’s dividend payout ratio (DPR) is currently 409.09%.

TPG 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.