TPG Inc. (NASDAQ:TPG) to Issue $0.38 Quarterly Dividend

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Investors 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 2.24%. The ex-dividend date of this dividend is Thursday, November 14th.

TPG has a payout ratio of 61.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect TPG to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 58.9%.

TPG Price Performance

NASDAQ TPG opened at $67.80 on Wednesday. TPG has a fifty-two week low of $32.66 and a fifty-two week high of $70.67. The stock’s 50-day moving average is $60.70 and its two-hundred day moving average is $50.23. 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 issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the business earned $0.56 EPS. Equities research analysts anticipate that TPG will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TPG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised their price target on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, TD Cowen lowered their target price on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. 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 stock currently has a consensus rating of “Hold” and an average target price of $57.67.

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.