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

Deutsche Bank analyst Brian Bedell has maintained a 'Buy' rating on TPG (NASDAQ:TPG), but lowered the price target from $36 to $33.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 09, 2023 | 3:26 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and lowered the price target from $29 to $28.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:22 pm

BMO Capital analyst Rufus Hone maintains a 'Market Perform' rating on TPG (NASDAQ:TPG) but has lowered the price target from $36 to $34.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 2:31 pm

TPG shares are trading lower following the company's worse-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:26 pm

TPG (NASDAQ:TPG) reported Q2 earnings of $0.26 per share, missing the analyst consensus estimate of $0.34 by 23.53%. This is a 43.48% decrease from the same period last year. The company also reported quarterly sales of $285.73 million, missing the analyst consensus estimate of $289.25 million by 1.22%. This is a 1.46% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:48 pm

TPG reported Q2 earnings of $0.26 per share, missing the analyst consensus estimate of $0.34 by 23.53%. This is a 43.48% decrease from the same period last year. However, the company reported quarterly sales of $327.10 million, beating the analyst consensus estimate of $295.21 million by 10.80%. This is a 12.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:10 pm

New Relic Inc (NEWR) has been acquired by Francisco Partners and TPG Inc (TPG) in a deal valued at approximately $6.5 billion. Following the acquisition, several analysts have downgraded NEWR's rating from Outperform to Neutral and revised their price targets. NEWR shares are currently trading at $84.04, slightly higher by 0.07%.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 9:59 am

Digital Realty Trust Inc (DLR) reported better-than-expected Q2 2023 revenue of $1.37 billion, a 20% Y/Y growth. However, the company lowered its guidance for core FFO per share. DLR also announced a joint venture deal with TPG Inc's TPG Real Estate to sell its 80% stake in three data center buildings for about $1.3 billion. Following the results, BNP Paribas upgraded DLR's stock to Outperform from Neutral.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 5:11 pm

TPG Inc has agreed to acquire Nextech from Thomas H. Lee Partners for $1.4 billion. Nextech provides clinical and administrative healthcare technology solutions for specialty physician practices. The deal is expected to close in Q3 2023. This acquisition is part of TPG's focus on healthcare IT solutions. TPG's shares are trading higher by 0.45% at $31.09.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 4:21 pm

UBS analyst Joseph Parkhill has maintained a 'Buy' rating on TPG (NASDAQ:TPG) but lowered the price target from $39 to $38.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 3:41 pm

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