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

Jackson Brooke LLC purchased a new stake in TPG Inc. (NASDAQ:TPG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,279,109 shares of the company's stock, valued at approximately $92,395,080. TPG accounts for approximately 0.1% of Jackson Brooke LLC's investment portfolio, making the stock its biggest position. Jackson Brooke LLC owned about 0.59% of TPG at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TPG by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company's stock worth $810,827,000 after acquiring an additional 314,295 shares during the last quarter. Capital International Investors raised its stake in shares of TPG by 0.4% during the 4th quarter. Capital International Investors now owns 11,734,677 shares of the company's stock worth $749,142,000 after acquiring an additional 52,213 shares in the last quarter. Temasek Holdings Private Ltd raised its position in TPG by 14.1% during the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company's stock valued at $406,239,000 after acquiring an additional 1,236,526 shares in the last quarter. Darlington Partners Capital Management LP acquired a new stake in shares of TPG in the second quarter valued at approximately $258,581,000. Finally, Millennium Management LLC lifted its position in shares of TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company's stock worth $292,689,000 after purchasing an additional 1,837,799 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG stock traded up $0.09 during mid-day trading on Friday, reaching $54.03. The stock had a trading volume of 913,048 shares, compared to its average volume of 3,023,850. The company has a market cap of $20.76 billion, a P/E ratio of 81.86, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $45.50 and a 200 day simple moving average of $43.75. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. During the same period in the previous year, the business posted $0.69 EPS. TPG's revenue was up 23.9% on a year-over-year basis. On average, sell-side analysts anticipate that TPG Inc. will post 2.88 earnings per share for the current year.

TPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.59 per share. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 4.4%. TPG's dividend payout ratio is currently 357.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays upped their price target on TPG from $58.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. TD Cowen upgraded TPG from a "hold" rating to a "buy" rating and set a $64.00 price objective for the company in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $62.00 price target on shares of TPG in a research note on Wednesday, August 5th. The Goldman Sachs Group reiterated a "buy" rating and set a $61.00 price target on shares of TPG in a research note on Tuesday, May 5th. Finally, UBS Group raised their price target on TPG from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.33.

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.