TPG Inc. (NASDAQ:TPG) Announces Quarterly Dividend of $0.55

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.55 per share on Monday, November 23rd. This represents a $2.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, November 9th. This is a 6.8% decrease from TPG’s previous quarterly dividend of $0.59.

TPG has a 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 decline. Equities analysts expect TPG to earn $3.57 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 66.1%.

TPG Trading Up 7.5%

Shares of NASDAQ:TPG opened at $47.94 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $47.09 and its 200 day moving average price is $45.97. The company has a market cap of $18.42 billion, a PE ratio of 72.64, a P/E/G ratio of 0.84 and a beta of 1.49. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, October 29th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $624.66 million. During the same quarter in the prior year, the firm earned $0.53 EPS. TPG’s quarterly revenue was up 25.3% on a year-over-year basis. Sell-side analysts anticipate that TPG will post 2.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TPG shares. Citigroup reissued an “outperform” rating on shares of TPG in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their target price on TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. UBS Group lifted their target price on TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company started coverage on TPG in a research report on Friday, October 2nd. They set an “equal weight” rating and a $47.00 price target for the company. Finally, BMO Capital Markets decreased their price target on TPG from $56.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, TPG has an average rating of “Moderate Buy” and an average target price of $61.21.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.