TPG Inc. (NASDAQ:TPG) Announces Dividend Increase – $0.53 Per Share

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.53 per share on Friday, March 7th. This represents a $2.12 dividend on an annualized basis 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.1 %

Shares of TPG traded up $0.06 during trading on Wednesday, reaching $60.85. 1,181,171 shares of the company traded hands, compared to its average volume of 891,628. The stock has a 50-day simple moving average of $65.68 and a 200-day simple moving average of $60.92. The stock has a market cap of $22.21 billion, a PE ratio of -178.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.69% and a return on equity of 23.45%. On average, analysts anticipate that TPG will post 1.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TPG shares. BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI boosted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group lifted their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company cut their price target on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Seven 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.com, TPG currently has a consensus rating of “Hold” and a consensus target price of $63.08.

Insiders Place Their Bets

In related 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 completion of the sale, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 76.48% of the stock is owned by corporate insiders.

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.