TPG Inc. (NASDAQ:TPG) Plans — Dividend of $0.44

TPG Inc. (NASDAQ:TPG – Get Rating) declared a — dividend on Thursday, May 12th, Wall Street Journal reports. Investors of record on Friday, May 20th will be given a dividend of 0.44 per share on Friday, June 3rd. The ex-dividend date is Thursday, May 19th.

TPG stock opened at $26.13 on Friday. The stock’s 50 day moving average is $28.24. TPG has a 1 year low of $24.78 and a 1 year high of $35.40.

TPG (NASDAQ:TPG – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Analysts anticipate that TPG will post 1.53 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in TPG during the first quarter worth about $14,585,000. PNC Financial Services Group Inc. bought a new position in shares of TPG in the first quarter valued at approximately $449,000. Citigroup Inc. bought a new position in shares of TPG in the first quarter valued at approximately $33,000. Bank of New York Mellon Corp bought a new stake in TPG during the first quarter valued at approximately $474,000. Finally, JPMorgan Chase & Co. bought a new stake in TPG during the first quarter valued at approximately $763,000. Hedge funds and other institutional investors own 3.75% of the company’s stock.

A number of equities analysts recently issued reports on TPG shares. Morgan Stanley lowered their price objective on shares of TPG from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 20th. Zacks Investment Research upgraded shares of TPG from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, April 12th. Wells Fargo & Company decreased their price target on shares of TPG from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 19th. BMO Capital Markets increased their target price on shares of TPG from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Tuesday, March 29th. Finally, UBS Group lowered their target price on shares of TPG from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.00.

About TPG (Get Rating)

TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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