TPG Inc. (NASDAQ:TPG) Plans Quarterly Dividend of $0.53

TPG Inc. (NASDAQ:TPG) declared 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 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38.

TPG has a payout ratio of 68.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TPG to earn $2.50 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 84.8%.

TPG Price Performance

NASDAQ TPG traded up $0.06 during midday trading on Wednesday, hitting $60.85. The company had a trading volume of 1,413,485 shares, compared to its average volume of 901,999. The company has a market capitalization of $22.21 billion, a PE ratio of -178.97, a P/E/G ratio of 0.88 and a beta of 1.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $65.68 and a 200-day moving average price of $60.92. TPG has a twelve month low of $39.18 and a twelve month high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly 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 23.45% and a net margin of 0.69%. As a group, analysts anticipate that TPG will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets boosted their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company lowered their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. TD Cowen lowered their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Evercore ISI boosted their price target on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, TPG presently has an average rating of “Hold” and a consensus target price of $63.08.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 76.48% of the company’s stock.

About TPG

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.