TPG Inc. Declares Quarterly Dividend of $0.38 (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Monday, November 4th, Zacks 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 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 14th.

TPG has a payout ratio of 63.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TPG to earn $2.69 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 62.5%.

TPG Stock Down 1.5 %

NASDAQ:TPG opened at $60.88 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 1-year low of $28.93 and a 1-year high of $69.86. The firm has a 50-day moving average of $58.74 and a two-hundred day moving average of $49.27.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.57%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts anticipate that TPG will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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 note on Tuesday. Evercore ISI increased their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley boosted their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets increased their price objective on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TPG presently has a consensus rating of “Hold” and a consensus price target of $56.17.

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.