TPG Inc. (TPG) To Go Ex-Dividend on November 9th

TPG Inc. (NASDAQ:TPG) announced 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 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, November 9th. This is a 6.8% decrease from TPG’s previous quarterly dividend of $0.59.

TPG has a payout ratio of 76.7% meaning 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 $3.57 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 61.6%.

TPG Trading Down 2.6%

NASDAQ TPG opened at $46.68 on Friday. The company’s fifty day simple moving average is $47.00 and its 200-day simple moving average is $45.88. The stock has a market cap of $17.94 billion, a P/E ratio of 53.66, a PEG ratio of 0.90 and a beta of 1.49. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $1.22 billion for 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 revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts predict that TPG will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new position in TPG during the 3rd quarter valued at approximately $286,000. Provenance Wealth Advisors LLC bought a new position in TPG during the 3rd quarter worth $36,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in TPG in the third quarter worth $134,000. Signaturefd LLC increased its position in TPG by 10.5% in the third quarter. Signaturefd LLC now owns 3,685 shares of the company’s stock worth $163,000 after buying an additional 350 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in TPG by 0.3% in the third quarter. Evergreen Capital Management LLC now owns 131,623 shares of the company’s stock valued at $5,809,000 after buying an additional 351 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

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.