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

47.49

Mkt cap

18B

Volume

2.4M

High

47.76

P/E Ratio

-113.31

52-wk high

72.98

Low

46.22

Div yield

0.04

52-wk low

39.18

TPG reported Q3 earnings of $0.56 per share, beating the analyst consensus estimate of $0.36 by 55.56%. This is an 86.67% increase from the same period last year. The company also reported quarterly sales of $321.34 million, beating the analyst consensus estimate of $298.75 million by 7.56%. This is a 13.83% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

New Relic's stockholders have voted in favor of the company's acquisition by Francisco Partners and TPG. The decision was made during a special meeting held recently.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:32 am

Blackstone Inc (BX) is reportedly buying a majority stake in Care Hospitals from TPG Inc's (TPG) fund, marking its entry into the Indian healthcare sector. The investment in the hospital chain is expected to be around $1 billion, giving Blackstone over 75% ownership. Care Hospitals also plans to acquire a majority stake in KIMSHEALTH. The total value of both deals is estimated between $1.3 billion and $1.5 billion. Recently, Blackstone reported lower than expected revenues and earnings per share.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 11:17 am

Blackstone Group Inc. is set to acquire Care Hospitals and Kimshealth in a deal valued at $1 billion, marking its entry into India's healthcare sector.

Portfolio Pulse from Charles Gross

October 30, 2023 | 8:46 am

AuthID Inc. has amended its services agreement with The Pipeline Group, Inc. (TPG) to include additional services. As per the amendment, AuthID will pay TPG $70,000 per month for the remainder of the initial one-year term. The services include outsourced sales, business development resources for outbound calling, support for automated dialing technology, and classification of customer data.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:17 pm

TPG (NASDAQ:TPG) has received one bullish and five indifferent analyst ratings in the last quarter. The average price target is $31.0, slightly above the current price of $30.04. This average has decreased by 4.62% from the previous average price target of $32.50.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:00 pm

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

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