TPG Inc. (TPG) to Distribute Quarterly Dividend of $0.55 on November 23rd

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Thursday, October 29th. Stockholders 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 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend 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 76.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect TPG to earn $3.56 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 61.8%.

TPG Price Performance

Shares of TPG stock opened at $46.50 on Friday. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. 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 stock’s fifty day moving average is $46.50 and its 200-day moving average is $45.44. The stock has a market capitalization of $17.87 billion, a PE ratio of 53.45, a PEG ratio of 0.93 and a beta of 1.48.

TPG (NASDAQ:TPG) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $624.66 million. TPG had a net margin of 5.32% and a return on equity of 29.24%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. Equities research analysts expect that TPG will post 2.77 EPS for the current fiscal year.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently bought and sold shares of TPG. CX Institutional raised its stake in shares of TPG by 481.4% during the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 544 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of TPG during the 3rd quarter worth approximately $36,000. Mather Group LLC. purchased a new stake in TPG during the 3rd quarter worth about $45,000. Heritage Family Offices LLP purchased a new stake in TPG during the third quarter worth about $58,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of TPG by 2,986.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock worth $84,000 after purchasing an additional 2,001 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

About TPG

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.