TPG Inc. (NASDAQ:TPG) Declares $0.41 Quarterly Dividend

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.41 per share on Monday, June 3rd. This represents a $1.64 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, May 17th.

TPG Stock Down 1.1 %

Shares of NASDAQ:TPG traded down $0.46 during trading on Thursday, reaching $43.06. 614,431 shares of the stock traded hands, compared to its average volume of 767,162. The stock has a market cap of $15.70 billion, a P/E ratio of -1,074.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day moving average of $44.37 and a two-hundred day moving average of $40.38. TPG has a 52-week low of $24.74 and a 52-week high of $47.20.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 18.69% and a net margin of 3.35%. The firm had revenue of $512.30 million for the quarter, compared to the consensus estimate of $452.87 million. During the same period in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 64.5% on a year-over-year basis. As a group, sell-side analysts expect that TPG will post 2.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on TPG. UBS Group raised their target price on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. Jefferies Financial Group reduced their price objective on TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley raised their price target on TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $42.00 price target (up from $36.00) on shares of TPG in a report on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.25.

Insiders Place Their Bets

In other news, insider Joann Harris sold 1,739 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $72,411.96. Following the transaction, the insider now directly owns 22,860 shares of the company’s stock, valued at $951,890.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TPG news, CAO Martin Davidson sold 39,317 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joann Harris sold 1,739 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $72,411.96. Following the transaction, the insider now directly owns 22,860 shares of the company’s stock, valued at $951,890.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. Insiders own 78.72% of the company’s stock.

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.