TPG Inc. (NASDAQ:TPG) Increases Dividend to $0.53 Per Share

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.53 per share on Friday, March 7th. This represents a $2.12 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38.

TPG has a dividend payout ratio of 68.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TPG to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 64.6%.

TPG Price Performance

Shares of NASDAQ:TPG opened at $60.22 on Wednesday. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of -136.86, a P/E/G ratio of 0.81 and a beta of 1.49. The firm has a fifty day moving average price of $64.76 and a 200 day moving average price of $61.29. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 25.14% and a net margin of 0.67%. As a group, sell-side analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

TPG has been the subject of a number of recent research reports. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. TD Cowen lowered their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their price target on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Evercore ISI boosted their price objective on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is owned by corporate insiders.

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.