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

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors 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 dividend 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 dividend payout ratio of 68.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

TPG stock opened at $60.85 on Thursday. The stock has a 50-day moving average price of $65.50 and a two-hundred day moving average price of $60.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 12-month low of $39.18 and a 12-month high of $72.98.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (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%. Sell-side analysts expect that TPG will post 1.95 EPS for the current fiscal year.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 76.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TPG has been the topic of a number of research reports. TD Cowen cut their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI increased their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday. BMO Capital Markets upped 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. Keefe, Bruyette & Woods boosted their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TPG has a consensus rating of “Hold” and a consensus price target of $63.08.

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.