Cookson Peirce & Co. Inc. Boosts Holdings in TPG Inc. (NASDAQ:TPG)

Cookson Peirce & Co. Inc. raised its stake in shares of TPG Inc. (NASDAQ:TPG) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,135 shares of the company’s stock after purchasing an additional 5,103 shares during the period. Cookson Peirce & Co. Inc.’s holdings in TPG were worth $888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TPG. ORG Wealth Partners LLC purchased a new position in TPG during the fourth quarter valued at $33,000. R Squared Ltd purchased a new position in TPG during the fourth quarter valued at $97,000. Covestor Ltd lifted its stake in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares in the last quarter. KBC Group NV lifted its stake in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of TPG opened at $50.83 on Thursday. TPG Inc. has a 1-year low of $39.18 and a 1-year high of $72.98. The stock has a market cap of $18.78 billion, a PE ratio of -115.52, a P/E/G ratio of 0.80 and a beta of 1.49. The firm has a 50-day simple moving average of $62.65 and a two-hundred day simple moving average of $61.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.17%. TPG’s dividend payout ratio (DPR) is currently -481.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. The Goldman Sachs Group raised their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TPG presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 76.48% of the company’s stock.

TPG Company 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.