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

TPG Inc. (NASDAQ:TPG - Get Free Report) announced a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.38 per share on Monday, December 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, November 14th.

TPG has a dividend payout ratio of 63.6% meaning its dividend is sufficiently covered by earnings. Research 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 Performance

NASDAQ:TPG traded down $0.91 during trading hours on Tuesday, reaching $60.88. The company had a trading volume of 1,318,848 shares, compared to its average volume of 865,496. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG has a 52 week low of $28.93 and a 52 week high of $69.86. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of -172.37, a PEG ratio of 1.04 and a beta of 1.49. The firm's 50 day moving average price is $58.74 and its 200-day moving average price is $49.27.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. TPG had a net margin of 1.08% and a return on equity of 24.27%. The firm had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, analysts forecast that TPG will post 1.96 EPS for the current year.

Analysts Set New Price Targets

TPG has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of TPG from $45.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of TPG from $67.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TPG from $65.00 to $67.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.