Streetbeat News

TPG

TPG Inc.

https://www.tpg.com

Industry

Asset Management

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. The company invests in private equity funds, real estate funds, fund of hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. operates as a subsidiary of TPG GP A, LLC.

Open

65.26

Mkt cap

24B

Volume

High

65.42

P/E Ratio

-195.97

52-wk high

70.67

Low

63.48

Div yield

0.03

52-wk low

33.69

TPG reported Q2 2024 adjusted EPS of $0.49, beating the estimate of $0.43, but sales of $458.996 million missed the estimate of $465.672 million. Sales increased by 60.64% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:13 pm

Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:52 pm

Shares of companies within the broader financial sector are trading lower amid overall market weakness following weak US jobs data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:05 pm

Investment giants TPG Inc., KKR & Co. Inc., and Blackstone Inc. are reportedly interested in acquiring Southeast Asia's top gummy manufacturer, Yupi Indo Jelly Gum, valued at approximately $500 million. The deal is in its early stages, and Yupi Indo is consulting with an international bank to explore its options. The interest in Indonesia's consumer-goods sector is driven by the country's growing middle class, increasing incomes, and the rise of online shopping.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 3:40 pm

TPG announced that Boat Rocker Media has sold its stake in Untitled Entertainment for CAD$51.6 million and 8.8% of the outstanding common equity in TPG's new talent management company.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:58 am

TPG has announced a strategic growth investment in K2 Medical Research to expand its CNS clinical trial platform. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:33 pm

KKR & Co. Inc. (NYSE:KKR) and TPG Inc. (TPG) are reportedly exploring a buyout of PropertyGuru Group Ltd. (NYSE:PGRU). The private equity firms, which own significant stakes in PropertyGuru, are working with a financial adviser to gauge interest from other global investors. PropertyGuru recently reported Q1 FY24 revenue that missed consensus estimates but showed a significant increase in adjusted EBITDA. KKR has also made other recent acquisitions, including a stake in Infinx and Perpetual's wealth management and corporate trust businesses.

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 3:07 pm

Blackstone Inc. (NYSE:BX) is launching a plan to grant equity to the majority of employees at its U.S. buyout companies, starting with Copeland, a climate-technologies unit purchased from Emerson Electric Co (NYSE:EMR). The initiative aims to broaden ownership beyond management and is part of a wider trend in the buyout industry. KKR & Co Inc (NYSE:KKR) and other private-equity firms have similar programs. Blackstone's stock has gained over 50% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 10:44 am

KKR and TPG are considering various options for PropertyGuru, including a potential buyout. This move could significantly impact the involved companies and the real estate market.

Portfolio Pulse from Charles Gross

May 22, 2024 | 9:31 am

Morgan Stanley analyst Michael Cyprys upgraded TPG (NASDAQ:TPG) from Equal-Weight to Overweight and increased the price target from $43 to $52.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:21 am

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