Jackson Square Capital LLC Buys New Shares in TPG Inc. $TPG

Key Points

• Jackson Square Capital LLC acquired 6,928 shares of TPG Inc. valued at approximately $363,000 in the second quarter, highlighting growing interest from institutional investors.
• Analysts have upgraded TPG's stock ratings, with Zacks Research moving it to "strong-buy" and several firms raising price targets, reflecting positive sentiment around the company's performance.
• TPG recently announced a quarterly dividend increase to $0.59 per share, indicating strong financial health despite a significant payout ratio of -1,242.11%.

Jackson Square Capital LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,928 shares of the company's stock, valued at approximately $363,000.

Several other hedge funds also recently modified their holdings of TPG. Ameriprise Financial Inc. acquired a new stake in shares of TPG during the fourth quarter worth approximately $236,000. Focus Partners Wealth acquired a new stake in shares of TPG in the fourth quarter valued at approximately $228,000. Janus Henderson Group PLC increased its holdings in shares of TPG by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 34,397 shares of the company's stock valued at $2,162,000 after purchasing an additional 4,500 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of TPG by 6.5% in the fourth quarter. Nuveen Asset Management LLC now owns 200,149 shares of the company's stock valued at $12,577,000 after purchasing an additional 12,163 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of TPG by 33.6% in the fourth quarter. Two Sigma Investments LP now owns 141,797 shares of the company's stock valued at $8,911,000 after purchasing an additional 35,662 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of TPG from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Citigroup raised their price target on shares of TPG from $56.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, July 10th. BNP Paribas Exane raised shares of TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Wednesday, July 30th. Zacks Research raised shares of TPG from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company lifted their target price on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.57.

TPG Price Performance

Shares of NASDAQ TPG traded up $0.21 during trading hours on Friday, hitting $63.94. 3,317,194 shares of the stock were exchanged, compared to its average volume of 1,368,784. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $24.16 billion, a PE ratio of -336.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.56. The company's fifty day simple moving average is $59.64 and its two-hundred day simple moving average is $52.46. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.24. The business had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. On average, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.59 dividend. This is an increase from TPG's previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, August 18th. TPG's dividend payout ratio (DPR) is -1,242.11%.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director owned 16,807 shares in the company, valued at $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 69.98% of the stock is owned by corporate insiders.

TPG 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.