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

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and raised the price target from $30 to $31.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:18 pm

TPG Real Estate Partners has filed a formal notice with the Belgian Financial Services and Markets Authority for an all-cash voluntary and conditional public takeover offer for all the outstanding shares of Intervest Offices & Warehouses NV. The offer price represents a 52.2% premium over the closing share price on October 5, 2023. The acquisition will allow Intervest to operate with greater flexibility and pursue growth across its platform. The offer has the support of Intervest's Supervisory Board and Management Board.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:05 pm

The U.S. Securities and Exchange Commission (SEC) has collected thousands of messages from staff at over a dozen leading investment firms as part of an investigation into the use of private messaging apps for business communication. The investigation, which has been ongoing for two years, initially focused on broker-dealers and resulted in more than $2 billion in fines. The latest phase of the investigation includes firms like Carlyle Group, Apollo Global Management, KKR & Co, TPG, Blackstone, and Citadel. The SEC's increased scrutiny comes after JPMorgan Chase failed to provide certain documents in 2018 during an unrelated investigation.

Portfolio Pulse from Benzinga Neuro

September 26, 2023 | 8:16 am

Four financial stocks, Goosehead Insurance, Inc (GSHD), UBS Group AG (UBS), TPG Inc. (TPG), and W. R. Berkley Corporation (WRB), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may be overvalued. GSHD was upgraded by BMO Capital with a raised price target. UBS is facing slow approvals in its takeover of Credit Suisse. TPG reported worse-than-expected Q2 results. WRB declared a special cash dividend.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:20 pm

French billionaire François-Henri Pinault has acquired a minority stake in Creative Artists Agency (CAA), valuing the talent agency at $7 billion. The deal could help Pinault's Kering luxury brands compete with rival LVMH. Bryan Lourd is set to become CEO of CAA after the deal closes.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:07 pm

TPG Rise Climate is set to acquire a majority stake in UK-based A-Gas from its current owners, including majority owner KKR. KKR will retain a significant minority stake in the business and continue to collaborate with TPG Rise Climate and the A-Gas Leadership Team. The deal is expected to close by the end of 2023, pending regulatory approvals.

Portfolio Pulse from Charles Gross

August 17, 2023 | 8:48 am

Over the last quarter, 13 analysts have provided ratings for TPG (NASDAQ:TPG), with 4 being bullish, 9 indifferent, and none bearish. The average 12-month price target for TPG is $31.19, a 4.27% decrease from the previous average of $32.58.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 9:00 pm

TPG (NASDAQ:TPG) has announced a quarterly dividend of 22 cents per share, payable on September 01, 2023. The stock will go ex-dividend on Thursday, meaning it will likely open 22 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:45 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and lowered the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:03 pm

JP Morgan analyst Kenneth Worthington maintains a Neutral rating on TPG (NASDAQ:TPG) and lowers the price target from $32 to $30.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 4:54 pm

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