TPG Inc. (NASDAQ:TPG) Announces Dividend Increase – $0.42 Per Share

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.42 per share on Friday, August 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, August 16th. This is an increase from TPG’s previous quarterly dividend of $0.41.

TPG has a payout ratio of 61.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TPG to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 59.9%.

TPG Price Performance

Shares of TPG stock traded up $1.38 during trading on Wednesday, hitting $44.33. 86,128 shares of the company’s stock traded hands, compared to its average volume of 840,914. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The firm’s fifty day moving average price is $43.40 and its 200 day moving average price is $43.60. TPG has a twelve month low of $26.03 and a twelve month high of $51.62. The company has a market cap of $16.17 billion, a PE ratio of -306.79, a PEG ratio of 0.80 and a beta of 1.53.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. TPG had a net margin of 2.74% and a return on equity of 21.16%. During the same quarter last year, the company posted $0.26 EPS. Analysts forecast that TPG will post 1.99 earnings per share for the current year.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the completion of the sale, the director now directly owns 17,536 shares in the company, valued at $816,300.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 76.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $43.00 to $52.00 in a research report on Friday, May 10th. Jefferies Financial Group dropped their target price on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. TD Cowen dropped their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th. UBS Group boosted their target price on shares of TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.83.

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.