TPG Inc. (NASDAQ:TPG) to Issue $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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, November 14th.

TPG has a payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Equities 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

NASDAQ TPG opened at $61.79 on Tuesday. The business has a 50 day moving average price of $58.74 and a 200 day moving average price of $49.27. The company has a market capitalization of $22.54 billion, a P/E ratio of -176.54, a PEG ratio of 1.04 and a beta of 1.49. TPG has a 1-year low of $28.93 and a 1-year high of $69.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the business posted $0.56 earnings per share. Sell-side analysts expect that TPG will post 1.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their target price on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price target on shares of TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.