Jackson Brooke LLC Purchases New Holdings in TPG Inc. $TPG

Jackson Brooke LLC acquired a new stake in shares of TPG Inc. (NASDAQ:TPG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,279,109 shares of the company’s stock, valued at approximately $92,395,080,000. TPG comprises 100.0% of Jackson Brooke LLC’s portfolio, making the stock its largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. CX Institutional boosted its holdings in shares of TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 544 shares in the last quarter. International Assets Investment Management LLC purchased a new position in TPG during the fourth quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

TPG opened at $53.03 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 80.35, a PEG ratio of 0.88 and a beta of 1.44. TPG Inc. has a one year low of $36.95 and a one year high of $70.38. The business’s fifty day moving average is $43.73 and its two-hundred day moving average is $44.03.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The business had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. Analysts anticipate that TPG Inc. will post 2.88 EPS for the current fiscal year.

TPG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 14th. TPG’s dividend payout ratio is presently 357.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TPG shares. Citizens Jmp cut their target price on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Barclays lifted their price target on TPG from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Evercore set a $50.00 price objective on TPG in a report on Wednesday, August 5th. Keefe, Bruyette & Woods increased their price objective on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, UBS Group raised their target price on TPG from $59.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.33.

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.