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.
IPO Year: 2022
Exchange: NASDAQ
Website: https://www.tpg.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
10/17/2022 | $30.00 | Hold | Jefferies |
10/14/2022 | $32.00 | Outperform → Neutral | Exane BNP Paribas |
6/8/2022 | Mkt Perform | JMP Securities |
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the third quarter of 2024. The Series C Preferred Stock dividend is payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Fi
TPG Inc. (NASDAQ:TPG), a leading global alternative asset management firm, announced today that Todd Sisitsky, President, is scheduled to present at the Barclays Global Financial Services Conference on Monday, September 9, 2024 at 12:00 p.m. ET. A live audio webcast of the discussion will be available on the Investor Relations section of TPG's website at shareholders.tpg.com/events-presentations/events. For those unable to listen to the live webcast, a replay will be available on the Events page of TPG's website shortly after the event. About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $229 billion of assets under management an
PS (formerly known as The Private Suite), an operator of private luxury terminals serving commercial flights, and TPG (NASDAQ:TPG), a leading global alternative asset management firm, today announced that TPG has entered into a definitive agreement to sell PS to Groupe ADP, an international airport operator. The transaction is subject to regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed. As the first operator of private terminals serving commercial travel in the United States, PS has served nearly 250,000 passengers since opening its first location at Los Angeles International Airport (LAX) in 2017. Far removed from the bustle of the
Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of TPG, Inc. ("TPG" or the "Company") (NASDAQ:TPG) into potential breaches of fiduciary duty by the Company's Board of Directors (the "Board"). TPG, headquartered in Fort Worth, TX, is an alternative asset firm, which invests across five multi-product platforms namely Capital, Growth, Impact, Real Estate, and Market Solutions. Newman Ferrara's investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company's lackluster performance, it is clear that t
Total assets under management of $229 billion as of June 30, 2024, an increase of 65% compared to $139 billion as of June 30, 2023 GAAP net loss attributable to TPG Inc. of $14 million for the second quarter ended June 30, 2024, with basic net loss per share of Class A common stock of $0.15 Fee-Related Earnings of $201 million for the second quarter ended June 30, 2024, an increase of 60% year-over-year, resulting in a Fee-Related Earnings margin of 44% After-tax Distributable Earnings of $207 million (or $0.49 per share of Class A common stock) for the second quarter ended June 30, 2024 Dividend of $0.42 per share of Class A common stock for the second quarter ended June 30, 2024
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended June 30, 2024. Regarding second quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "Our investment portfolio delivered strong performance in the face of an uncertain macroeconomic and real estate investing environment. During the quarter, TRTX generated Distributable Earnings of $0.28 per share representing a dividend coverage ratio of 1.2x. TRTX maintained both ample liquidity of $389 million and a conservative debt-to-equity ratio of 2:1 which enhances our ability to seek new investment opportunities across the evolving real estate credit landscape."
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the second quarter 2024 and file its Form 10-Q and earnings supplemental after the market close on Tuesday, July 30, 2024. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, July 31, 2024. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. The webcast may also be a
TPG Inc. (NASDAQ:TPG), a leading global alternative asset management firm, announced today that it will release financial results for the second quarter of 2024 before the market opens on Tuesday, August 6, 2024 and host a conference call and live webcast at 11:00 a.m. ET. The conference call may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ224. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG's website at shareholders.tpg.com. A webcast replay will be made available on the Eve
Announces First Investment in Leading Hollywood Management Company Untitled Entertainment TPG (NASDAQ:TPG), a leading global alternative asset management firm, today announced the formation of a new company (the "Company") that will acquire, invest behind, and build a diversified global business centered on talent management, representation, and adjacent verticals. Michel Pratte, former President of Boat Rocker Media ("Boat Rocker"), has been named CEO of the newly established Company and Eric Taitz, former EVP of Corporate Development and Strategy at Boat Rocker will serve as the Company's Chief Operating Officer. In tandem with this announcement, the Company is making its first investme
Boat Rocker to Receive 8.8% in TPG's New Talent Management and Representation Company Boat Rocker Provides Updated 2024 Outlook Management to Host a Call at 11 am ET All figures in Canadian Dollars unless otherwise stated TORONTO, June 28, 2024 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker") (TSX:BRMI), an independent, integrated global entertainment company, today announced that it has sold its stake in talent management company Untitled Entertainment LLC ("Untitled") to TPG (NASDAQ:TPG) for proceeds comprised of cash in the amount of approximately $51.6 million CAD1 and 8.8%2 of the outstanding common equity in TPG's new talent management company ("the Company") ("the Transaction").
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
BMO Capital Markets resumed coverage of TPG Inc. with a rating of Market Perform and set a new price target of $36.00
Goldman resumed coverage of TPG Inc. with a rating of Buy and set a new price target of $43.00
Citigroup initiated coverage of TPG Inc. with a rating of Buy and set a new price target of $32.00
JP Morgan downgraded TPG Inc. from Overweight to Neutral and set a new price target of $34.00 from $35.00 previously
Credit Suisse initiated coverage of TPG Inc. with a rating of Neutral and set a new price target of $27.50
Jefferies initiated coverage of TPG Inc. with a rating of Hold and set a new price target of $30.00
Exane BNP Paribas downgraded TPG Inc. from Outperform to Neutral and set a new price target of $32.00
JMP Securities initiated coverage of TPG Inc. with a rating of Mkt Perform
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the third quarter of 2024. The Series C Preferred Stock dividend is payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Fi
Total assets under management of $229 billion as of June 30, 2024, an increase of 65% compared to $139 billion as of June 30, 2023 GAAP net loss attributable to TPG Inc. of $14 million for the second quarter ended June 30, 2024, with basic net loss per share of Class A common stock of $0.15 Fee-Related Earnings of $201 million for the second quarter ended June 30, 2024, an increase of 60% year-over-year, resulting in a Fee-Related Earnings margin of 44% After-tax Distributable Earnings of $207 million (or $0.49 per share of Class A common stock) for the second quarter ended June 30, 2024 Dividend of $0.42 per share of Class A common stock for the second quarter ended June 30, 2024
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended June 30, 2024. Regarding second quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "Our investment portfolio delivered strong performance in the face of an uncertain macroeconomic and real estate investing environment. During the quarter, TRTX generated Distributable Earnings of $0.28 per share representing a dividend coverage ratio of 1.2x. TRTX maintained both ample liquidity of $389 million and a conservative debt-to-equity ratio of 2:1 which enhances our ability to seek new investment opportunities across the evolving real estate credit landscape."
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the second quarter 2024 and file its Form 10-Q and earnings supplemental after the market close on Tuesday, July 30, 2024. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, July 31, 2024. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. The webcast may also be a
TPG Inc. (NASDAQ:TPG), a leading global alternative asset management firm, announced today that it will release financial results for the second quarter of 2024 before the market opens on Tuesday, August 6, 2024 and host a conference call and live webcast at 11:00 a.m. ET. The conference call may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ224. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG's website at shareholders.tpg.com. A webcast replay will be made available on the Eve
Boat Rocker to Receive 8.8% in TPG's New Talent Management and Representation Company Boat Rocker Provides Updated 2024 Outlook Management to Host a Call at 11 am ET All figures in Canadian Dollars unless otherwise stated TORONTO, June 28, 2024 /CNW/ - Boat Rocker Media Inc. ("Boat Rocker") (TSX:BRMI), an independent, integrated global entertainment company, today announced that it has sold its stake in talent management company Untitled Entertainment LLC ("Untitled") to TPG (NASDAQ:TPG) for proceeds comprised of cash in the amount of approximately $51.6 million CAD1 and 8.8%2 of the outstanding common equity in TPG's new talent management company ("the Company") ("the Transaction").
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the second quarter of 2024. The dividend will be payable on July 25, 2024 to common stockholders of record as of June 27, 2024. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platf
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second quarter of 2024. The Series C Preferred Stock dividend is payable on June 28, 2024 to preferred stockholders of record as of June 18, 2024. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Tru
Total assets under management of $224 billion as of March 31, 2024, an increase of 63% compared to $137 billion as of March 31, 2023 GAAP net income attributable to TPG Inc. of $16 million for the first quarter ended March 31, 2024, with basic net income per share of Class A common stock of $0.09 Fee-Related Earnings of $182 million for the first quarter ended March 31, 2024, an increase of 84% year-over-year, resulting in a Fee-Related Earnings margin of 40% After-tax Distributable Earnings of $181 million (or $0.49 per share of Class A common stock) for the first quarter ended March 31, 2024 Dividend of $0.41 per share of Class A common stock for the first quarter ended March 31,
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended March 31, 2024. Regarding first quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "We ended the quarter with $371 million of available liquidity and a 100% performing loan portfolio. As part of our capital allocation strategy, on April 25 our Board of Directors approved a common stock share repurchase plan of up to $25 million. We continue to focus on asset management and opportunistically deploying capital to drive long term shareholder value." FIRST QUARTER 2024 ACTIVITY Recognized GAAP net income attributable to common stockholders of $13.1 mil
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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
Appointment expands and strengthens TPG Capital's industry-leading software franchise in Europe TPG (NASDAQ:TPG), a global alternative asset management firm, announced today the appointment of Flavio Porciani as a Partner based in London. In his role, Porciani will lead European software and enterprise technology investing for TPG Capital, the firm's U.S. and European late-stage private equity platform. He joins Partners Nehal Raj and Tim Millikin as a Co-Head of the platform's software and enterprise technology franchise. Porciani comes to TPG from Warburg Pincus, where he most recently served as a Managing Director and Partner on the European Technology team. During his fourteen-year
Munzig to Lead Business Services Investing for TPG Capital TPG, a global alternative asset management firm, announced today the appointment of Peter Munzig as a Partner and Head of Business Services for TPG Capital, the firm's private equity platform. In his role, Munzig will lead TPG Capital's investment activity and portfolio management in the business services sector. "Peter's broad experience investing in and advising companies across industries makes him an excellent fit to lead our business services strategy, which focuses on partnering with leading technology-enabled services businesses that are delivering increasingly critical outcomes for enterprises globally," said Nehal Raj, Co
TPG Inc. (NASDAQ:TPG), a leading global alternative asset management firm, announced today that Gunther Bright has joined its Board of Directors (the "Board") as an independent director, effective July 1, 2022. "On behalf of the Board and leadership team, we are pleased to welcome Gunther to the TPG Board," said Jim Coulter, Founding Partner and Executive Chairman of TPG. "Gunther is a distinguished leader with a strong track record of driving business transformation and growth strategies on a global scale. He will play an important role in continuing to position TPG for the future of alternatives." Bright brings nearly 30 years of leadership experience at American Express, where he curre
TD Cowen analyst Bill Kirk maintains TPG (NASDAQ:TPG) with a Hold and lowers the price target from $44 to $42.
KKR & Co. Inc. (NYSE:KKR) and TPG Inc. (TPG) are reportedly exploring options, including a buyout of Southeast Asian online real estate platform PropertyGuru Group Ltd. (NYSE:PGRU). The U.S. private equity firms are working with a financial adviser to help gauge initial interest from other global investors in PropertyGuru, reported Bloomberg. As per the report, KKR and TPG, which own about 26.5% and 29.6% of PropertyGuru, respectively, could also buy the remaining shares they don’t already hold. Yesterday, PropertyGuru reported Q1 FY24 revenue of S$36.5 million, missing consensus of S$37.3 million and adjusted EBITDA rose to S$4 million from S$0.2 million a year ago. This month,
Blackstone Inc. (NYSE:BX) is reportedly initiating a plan to grant equity to the majority of employees at its U.S. buyout companies. The decision will be announced at an investor conference this week and will apply to all new acquisitions where Blackstone's private-equity division takes control, reported The Wall Street Journal. Blackstone, whose private-equity portfolio encompasses over 400,000 employees, aims to broaden ownership beyond just management ranks, the report added. The program will begin with the 18,000 employees of Copeland, a climate-technologies unit purchased from Emerson Electric Co (NYSE:EMR) for $14 billion last year. Employees must remain with their company
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Morgan Stanley analyst Michael Cyprys upgrades TPG (NASDAQ:TPG) from Equal-Weight to Overweight and raises the price target from $43 to $52.
In the preceding three months, 6 analysts have released ratings for TPG (NASDAQ:TPG), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 3 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $46.17, a high estimate of $50.00, and a low estimate of $42.00. Marking an increase of 9.49%, the curr
Jefferies analyst Gerald O'Hara maintains TPG (NASDAQ:TPG) with a Hold and lowers the price target from $46 to $44.
Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York. Hawkish remarks from Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins sparked concerns among investors about the potential delay in rate cuts, as the likelihood of enduring higher interest rates gained traction. Kashkari asserted that the Fed would likely need to maintain borrowing costs at current levels for an extended period, potentially throughout the year, and did not rule out rate hikes if inflation remained stubbornly high at 3%. Collins echoed similar sentiments, su