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Stock impact report

Steve Cohen's Point72 scoops up $336M in blue-chip dividend stock [Yahoo! Finance]

Transdigm Group Incorporated (TDG) 
Last transdigm group incorporated earnings: 2/4 07:15 am Check Earnings Report
US:NYSE Investor Relations: transdigm.com/investor-relations
Company Research Source: Yahoo! Finance
Capital Advisors, which he founded in 1992, before converting operations to the Point72 family office in 2014. The firm later opened to outside investors in 2018 and today manages tens of billions in assets across global multi-strategy investments. Cohen is also widely known outside of finance. He bought the New York Mets in 2020 and serves as the team's chairman and CEO. According to 13F filings, Point72 took a new position in TransDigm Group , buying 252,781 shares valued at roughly $336.2 million That stake represents 0.55% of the firm's total portfolio and 0.45% of TransDigm's shares outstanding . The change in shares held was 252,281, essentially a new position built from scratch. It's a bold bet on a company that's come under pressure lately. Valued at $73 billion by market cap TDG stock is down 20% from all-time highs. The ongoing pullback has raised the company's trailing dividend yield to almost 7%. Steve Cohen is bullish on this dividend stock.Newsday LLC/Getty I Show less Read more
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