TPG Inc. (NASDAQ:TPG) to Issue Quarterly Dividend of $0.41

TPG Inc. (NASDAQ:TPG - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Monday, May 20th will be given a dividend of 0.41 per share on Monday, June 3rd. This represents a $1.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, May 17th.

TPG Price Performance

TPG stock traded down $0.59 during trading on Thursday, hitting $42.93. The stock had a trading volume of 943,206 shares, compared to its average volume of 771,128. TPG has a twelve month low of $24.74 and a twelve month high of $47.20. The company's 50-day moving average price is $44.34 and its two-hundred day moving average price is $40.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $15.66 billion, a P/E ratio of -1,073.25, a PEG ratio of 0.75 and a beta of 1.60.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 18.69% and a net margin of 3.35%. The business had revenue of $512.30 million for the quarter, compared to the consensus estimate of $452.87 million. During the same quarter last year, the business posted $0.24 earnings per share. The business's quarterly revenue was up 64.5% compared to the same quarter last year. As a group, research analysts predict that TPG will post 2.09 EPS for the current fiscal year.

Insider Transactions at TPG

In related news, CAO Martin Davidson sold 39,317 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TPG news, Director Kelvin L. Davis sold 822,017 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $34,228,787.88. Following the completion of the transaction, the director now owns 844,584 shares in the company, valued at $35,168,477.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Martin Davidson sold 39,317 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 30,991 shares of the company's stock, valued at $1,290,465.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,434,129 shares of company stock worth $101,357,132. 78.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TPG shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TPG in a research note on Monday, April 1st. Wells Fargo & Company upped their price objective on shares of TPG from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 14th. JMP Securities reissued a "market perform" rating on shares of TPG in a research note on Tuesday, April 9th. Morgan Stanley upped their price target on TPG from $31.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. Finally, 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 report on Thursday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, TPG presently has a consensus rating of "Hold" and a consensus price target of $40.25.

About TPG

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.