BMO Capital Markets resumed coverage on TPG Inc. with a new price target
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BMO Capital Markets resumed coverage of TPG Inc. with a rating of Market Perform and set a new price target of $36.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $60.00 | Overweight | Wells Fargo |
| 5/10/2024 | $43.00 → $52.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/4/2024 | $38.00 | Market Perform | TD Cowen |
| 12/6/2023 | $36.00 | Market Perform | BMO Capital Markets |
| 11/30/2023 | $43.00 | Buy | Goldman |
| 5/19/2023 | $32.00 | Buy | Citigroup |
| 1/24/2023 | $35.00 → $34.00 | Overweight → Neutral | JP Morgan |
| 10/19/2022 | $27.50 | Neutral | Credit Suisse |
TD Cowen analyst Bill Kirk maintains TPG (NASDAQ:TPG) with a Hold and lowers the price target from $44 to $42.
Total assets under management of $239 billion as of September 30, 2024, an increase of 76% compared to $136 billion as of September 30, 2023 GAAP net income attributable to TPG Inc. of $9 million for the third quarter ended September 30, 2024, with basic net income per share of Class A common stock of $0.04 Fee-Related Earnings of $191 million for the third quarter ended September 30, 2024, an increase of 22% year-over-year, resulting in a Fee-Related Earnings margin of 41% After-tax Distributable Earnings of $189 million (or $0.45 per share of Class A common stock) for the third quarter ended September 30, 2024 Dividend of $0.38 per share of Class A common stock for the third quarter e
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended September 30, 2024. Regarding third quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "Over the past quarter, TRTX delivered strong operating earnings, outearned our dividend by more than 115% and had no risk rating migration while maintaining a stable CECL reserve. As we seek to continue to take advantage of the attractive opportunity set within real estate credit, TPG's integrated global real estate investing platform team enabled us to originate $204 million of new investments. We believe that this capital deployment combined with our strong balance
Transaction Builds Strong Momentum for the Company, Significantly Scaling its Management Business and Expanding its Global Presence TPG (NASDAQ:TPG), a leading global alternative asset management firm, today announced that its previously established talent-centric entertainment company (the "Company") will be named "Initial Group." Concurrent with this announcement, leading Hollywood literary management firm Grandview ("Grandview") has been acquired and will be combined under the banner of Untitled Entertainment ("Untitled"), the Company's first investment in June 2024. This transaction significantly bolsters Untitled's scale and capabilities in literary representation, while empowering th
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Wells Fargo initiated coverage of TPG Inc. with a rating of Overweight and set a new price target of $60.00
Morgan Stanley upgraded TPG Inc. from Equal-Weight to Overweight and set a new price target of $52.00 from $43.00 previously
TD Cowen initiated coverage of TPG Inc. with a rating of Market Perform and set a new price target of $38.00
Appointment expands and enhances TPG Rise Climate's capabilities in Infrastructure and Real Assets TPG (NASDAQ:TPG), a leading global alternative asset management firm, announced today the appointment of Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm's dedicated climate investing platform. In this new role, Lebovitz will focus on the firm's new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces. Lebovitz comes to TPG after more than 25 years at Goldman Sachs where he most recently served as a Partner and Global Co-Head and Co-CIO of Infrastructure Investing
Appointment Highlights Firm's Expanded Focus on The Middle East Region TPG (NASDAQ:TPG), a global alternative asset management firm, announced today that TPG Asia Managing Partner Ganen Sarvananthan has been appointed to lead the firm's activity and continued expansion in the Middle East region. Sarvananthan's appointment follows significant growth of TPG's business in Asia across all investing strategies and reflects its commitment to establishing a dedicated presence in the Middle East, a growing region and area of investment for the firm. In his role as Head of Asia and the Middle East, Sarvananthan will continue to support TPG's existing businesses and expansion across Asia and will
Ken Murphy to Retire from the Firm TPG (NASDAQ:TPG), a global alternative asset management firm, announced that effective today, Partner and Board Member Anilu Vazquez-Ubarri has been named Chief Operating Officer of the firm. As COO, Vazquez-Ubarri will lead TPG's operational functions globally to enable the firm's strategic business and investment priorities. She will continue to partner closely with CEO Jon Winkelried and the rest of the firm's leadership team to develop and drive TPG's growth strategy. Vazquez-Ubarri succeeds Ken Murphy, who will retire from the firm after a planned transition period. "As we continue to grow our platform and expand our investment capabilities, it's
Demopolis Equity Partners, a technology-focused growth and buyout firm, today announced that it has signed a definitive agreement to receive a strategic minority investment from TPG (NASDAQ:TPG), a leading global alternative asset management firm. TPG will invest in Demopolis through TPG NEXT, its strategy focused on seeding and scaling the next generation of investment firms by providing growth capital and operational and investment support. Founded in 2022, Demopolis seeks to make control and growth equity investments in high-quality, lower middle market software companies, with a focus on B2B technology. The team looks to partner with innovative, mission-critical businesses with resili
Total assets under management of $239 billion as of September 30, 2024, an increase of 76% compared to $136 billion as of September 30, 2023 GAAP net income attributable to TPG Inc. of $9 million for the third quarter ended September 30, 2024, with basic net income per share of Class A common stock of $0.04 Fee-Related Earnings of $191 million for the third quarter ended September 30, 2024, an increase of 22% year-over-year, resulting in a Fee-Related Earnings margin of 41% After-tax Distributable Earnings of $189 million (or $0.45 per share of Class A common stock) for the third quarter ended September 30, 2024 Dividend of $0.38 per share of Class A common stock for the third quarter e
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended September 30, 2024. Regarding third quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "Over the past quarter, TRTX delivered strong operating earnings, outearned our dividend by more than 115% and had no risk rating migration while maintaining a stable CECL reserve. As we seek to continue to take advantage of the attractive opportunity set within real estate credit, TPG's integrated global real estate investing platform team enabled us to originate $204 million of new investments. We believe that this capital deployment combined with our strong balance
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