TPG Inc. (TPG) to Issue Quarterly Dividend of $0.45 on December 1st

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Friday, November 14th will be paid a dividend of 0.45 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th.

TPG has a dividend payout ratio of 82.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect TPG to earn $3.18 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 74.2%.

TPG Price Performance

Shares of TPG stock opened at $53.28 on Thursday. TPG has a 1 year low of $37.52 and a 1 year high of $72.98. The firm’s 50 day moving average is $58.35 and its 200-day moving average is $54.92. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 592.00, a PEG ratio of 0.97 and a beta of 1.52. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 26.19%. The company had revenue of $596.50 million during the quarter, compared to analyst estimates of $510.32 million. During the same period in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on TPG. Morgan Stanley raised their price target on TPG from $58.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of TPG in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.79.

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.