TPG Inc. (NASDAQ:TPG) Stock to Pay Quarterly Dividend of $0.55

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

TPG has a dividend payout ratio of 82.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Up 7.5%

TPG stock traded up $3.35 during mid-day trading on Thursday, reaching $47.94. 5,750,108 shares of the company were exchanged, compared to its average volume of 2,966,830. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $18.42 billion, a P/E ratio of 72.64, a PEG ratio of 0.84 and a beta of 1.49. The business has a fifty day moving average of $47.20 and a 200 day moving average of $46.07. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $624.66 million. TPG had a return on equity of 28.10% and a net margin of 4.67%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Research analysts anticipate that TPG will post 2.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TPG shares. Evercore set a $50.00 price objective on TPG in a research report on Wednesday, August 5th. Morgan Stanley decreased their price target on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. TD Cowen lowered their price target on shares of TPG from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 12th. UBS Group raised their target price on shares of TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets cut their price target on shares of TPG from $56.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.21.

View Our Latest Research Report on TPG

TPG Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for TPG (NASDAQ:TPG)

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