TPG Inc. (TPG) To Go Ex-Dividend on May 17th

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, May 17th.

TPG Price Performance

TPG stock opened at $43.75 on Friday. The company has a market capitalization of $15.95 billion, a PE ratio of -1,073.25, a P/E/G ratio of 0.75 and a beta of 1.60. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $44.34 and a two-hundred day moving average price of $40.40. TPG has a 12 month low of $24.74 and a 12 month high of $47.20.

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

Insider Activity

In other TPG news, President Todd Benjamin Sisitsky sold 52,807 shares of the firm’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 $2,198,883.48. Following the completion of the transaction, the president now directly owns 396,982 shares of the company’s stock, valued at approximately $16,530,330.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TPG news, President Todd Benjamin Sisitsky sold 52,807 shares of TPG stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the completion of the sale, the president now owns 396,982 shares of the company’s stock, valued at $16,530,330.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joann Harris sold 1,739 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The stock was 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 in the company, valued at $951,890.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. 78.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group increased their price objective on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. TheStreet downgraded shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods increased their price objective on shares of TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Morgan Stanley raised TPG from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $43.00 to $52.00 in a report on Friday. Finally, Citigroup increased their price target on shares of TPG from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TPG currently has an average rating of “Hold” and an average price target of $41.11.

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.