TPG Inc. (NASDAQ:TPG) Announces $0.38 Quarterly Dividend

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.38 per share on Monday, December 2nd. This represents a $1.52 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, November 14th.

TPG has a dividend payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TPG to earn $2.69 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 62.5%.

TPG Stock Performance

Shares of TPG stock opened at $61.79 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a 1 year low of $28.93 and a 1 year high of $69.86. The firm’s 50-day simple moving average is $58.74 and its 200-day simple moving average is $49.27. The firm has a market cap of $22.54 billion, a PE ratio of -176.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same period in the prior year, the firm earned $0.56 EPS. Equities analysts forecast that TPG will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

TPG has been the topic of a number of research analyst reports. TD Cowen lowered their price target on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TPG from $65.00 to $67.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group boosted their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.58.

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.