Cookson Peirce & Co. Inc. Buys Shares of 39,286 TPG Inc. $TPG

Cookson Peirce & Co. Inc. acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the third quarter, Holdings Channel.com reports. The fund acquired 39,286 shares of the company’s stock, valued at approximately $2,257,000.

A number of other institutional investors have also added to or reduced their stakes in TPG. Cibc World Market Inc. purchased a new stake in TPG in the third quarter worth approximately $323,000. Versor Investments LP bought a new stake in shares of TPG in the 3rd quarter worth approximately $615,000. Navellier & Associates Inc. lifted its holdings in shares of TPG by 24.9% in the 3rd quarter. Navellier & Associates Inc. now owns 9,438 shares of the company’s stock worth $542,000 after acquiring an additional 1,879 shares during the last quarter. Slagle Financial LLC boosted its stake in shares of TPG by 2.1% in the 3rd quarter. Slagle Financial LLC now owns 55,683 shares of the company’s stock valued at $3,199,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of TPG by 32.8% during the 3rd quarter. Alps Advisors Inc. now owns 37,835 shares of the company’s stock valued at $2,174,000 after purchasing an additional 9,340 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TPG shares. UBS Group raised their price objective on TPG from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Morgan Stanley set a $67.00 price target on TPG in a research note on Tuesday, January 27th. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.00.

TPG Stock Performance

Shares of TPG stock opened at $48.74 on Friday. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $70.38. The firm has a market capitalization of $18.43 billion, a P/E ratio of 110.78, a P/E/G ratio of 0.73 and a beta of 1.50. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $62.74 and a two-hundred day simple moving average of $60.02.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. TPG had a return on equity of 26.96% and a net margin of 3.95%.The company had revenue of $628.48 million for the quarter, compared to the consensus estimate of $548.40 million. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities analysts forecast 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 paid a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, February 19th. TPG’s dividend payout ratio (DPR) is presently 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.