TPG (NASDAQ:TPG) Issues Earnings Results, Beats Estimates By $0.10 EPS

TPG (NASDAQ:TPG) issued its quarterly earnings data on Tuesday. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10, Zacks reports. TPG had a return on equity of 23.45% and a net margin of 0.69%.

TPG Price Performance

TPG stock opened at $60.85 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $65.50 and a 200-day simple moving average of $60.92. TPG has a 12-month low of $39.18 and a 12-month high of $72.98.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.48%. TPG’s dividend payout ratio is currently -447.05%.

Analyst Ratings Changes

Several analysts recently issued reports on TPG shares. TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.08.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 76.48% of the stock is currently owned by corporate insiders.

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.