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

2M

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 (NASDAQ:TPG) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $0.41. Historical data shows TPG has had mixed earnings performance, with a notable beat last quarter leading to a 3.09% share price increase. Shares are currently trading at $44.53, up 35.66% over the last year. Investors are looking for not just an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:02 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and increased the price target from $31 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:17 pm

Wells Fargo analyst Finian O'Shea has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and increased the price target from $34 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:25 pm

TPG Growth, part of TPG (NASDAQ:TPG), is set to invest up to $228 million in Sayari, a risk intelligence provider. This strategic majority investment will support Sayari's global expansion and the launch of a new AI-powered supply chain platform in 2024. Sayari has experienced rapid growth and is trusted by government agencies and large companies. The deal, which will see Sayari's founders and investors retain significant stakes, is expected to close in Q1 2024, subject to regulatory approvals. TPG's investment reflects its long-standing interest in information services and government technology sectors.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:04 pm

TPG has entered into a strategic partnership with The Visualize Group and will serve as the anchor investor in Visualize's private equity strategy. This partnership aims to leverage opportunities in middle-market take-privates and public-adjacent private transactions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:19 pm

Four analysts have recently updated their ratings on TPG Inc (NASDAQ:TPG), with a mix of bullish and indifferent stances. The average 12-month price target is now $37.75, up from the previous $32.00. Analysts from TD Cowen, Goldman Sachs, Deutsche Bank, and Morgan Stanley have provided ratings and price targets, with some raising their estimates. TPG's financial performance shows challenges in revenue growth, profitability, and debt management, with key metrics below industry standards.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:00 pm

TD Cowen analyst Bill Kirk has initiated coverage on TPG (NASDAQ:TPG) with a Market Perform rating and set a price target of $38.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 6:30 pm

Financial sector stocks are down due to increasing Treasury yields and general market downturn.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:19 pm

TPG has acquired a 75% interest in Oxford Properties Group's industrial portfolio in the Greater Toronto Area for C$1 billion, valuing the portfolio at C$1.3 billion. This marks the first joint venture between TPG and Oxford and is one of the largest private industrial real estate transactions in Canada. The portfolio includes Brampton Business Park and Vaughan Business Park, totaling 5.1 million square feet. Oxford retains a 25% interest and will continue to manage the properties. The fully leased portfolio has high-quality tenants and benefits from longer-term leases. TPG has a history of investing in industrial real estate, and Oxford has a significant global industrial portfolio.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:27 pm

The UAE is set to launch a $30bn climate investment fund in collaboration with BlackRock, TPG, and Brookfield during COP28. Lunate Capital, a new Abu Dhabi-based asset manager, will oversee the fund, with $5bn dedicated to investments in the Global South. The initiative is part of the UAE's efforts to position itself as a leader in climate finance and to address scrutiny over its role as a major oil and gas producer hosting the climate summit. The fund aligns with global financial needs for transitioning to green energy and adapting to climate change, as outlined by the UN and the International Energy Agency.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:52 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.