TPG Inc. (NASDAQ:TPG) Announces $0.59 Quarterly Dividend

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be given a dividend of 0.59 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, August 14th.

TPG has a dividend payout ratio of 82.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect TPG to earn $3.58 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 65.9%.

TPG Stock Performance

TPG stock traded up $2.66 during midday trading on Tuesday, hitting $48.98. The company’s stock had a trading volume of 4,992,076 shares, compared to its average volume of 3,011,653. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 222.65, a PEG ratio of 0.81 and a beta of 1.44. TPG has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a 50-day moving average price of $42.20 and a two-hundred day moving average price of $44.92.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to analysts’ expectations of $596.80 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. As a group, sell-side analysts predict that TPG will post 2.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on TPG shares. Barclays raised their price objective on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. TD Cowen reduced their target price on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Morgan Stanley decreased their price target on TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.43.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.