TPG Inc. (TPG) To Go Ex-Dividend on February 21st

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.53 per share on Friday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38.

TPG has a payout ratio of 68.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect TPG to earn $3.28 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 64.6%.

TPG Price Performance

Shares of NASDAQ TPG opened at $60.22 on Wednesday. The firm has a market cap of $21.98 billion, a P/E ratio of -136.86, a PEG ratio of 0.81 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. The company has a 50 day moving average of $64.76 and a 200 day moving average of $61.29.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 25.14% and a net margin of 0.67%. As a group, research analysts expect that TPG will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPG. Deutsche Bank Aktiengesellschaft raised their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI lifted their target price on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.27.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is currently 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.