Jackson Brooke LLC Invests $92.40 Billion in TPG Inc. $TPG

Jackson Brooke LLC bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,279,109 shares of the company’s stock, valued at approximately $92,395,080,000. TPG makes up about 100.0% of Jackson Brooke LLC’s investment portfolio, making the stock its largest holding. Jackson Brooke LLC owned 0.59% of TPG at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Comerica Bank lifted its holdings in TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after buying an additional 465 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of TPG by 86.3% in the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after acquiring an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after acquiring an additional 557,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TPG by 156.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after acquiring an additional 294,941 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of TPG during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

TPG opened at $53.03 on Monday. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 80.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38. The business’s 50 day moving average is $43.73 and its two-hundred day moving average is $44.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.The company’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. On average, research analysts predict that TPG Inc. will post 2.88 EPS for the current year.

TPG Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of TPG in a report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley reduced their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Citizens Jmp dropped their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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.