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Latest TPG News From Around the Web
Below are the latest news stories about TPG INC that investors may wish to consider to help them evaluate TPG as an investment opportunity.
SAN FRANCISCO & FORT WORTH, Texas, August 22, 2022--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.
Sovereign-wealth funds benefiting from the high price of oil have become a greater share of private-equity fundraising this year, say buyout firms
TPG Inc. is considering the sale of portfolio company Immucor Inc., a Norcross, Ga.-based specialist in blood transfusion and transplantation diagnostics, according to a report Thursday by Bloomberg. The business is expected to draw a price of about $2 billion, with interest from other private equity firms as well as companies in related businesses, the report said. TPG took Immucor private in 2011 for $27 per share in cash or about $1.94 billion. Shares of TPG closed at $32.39 on Wednesday, up
Publicly traded private-equity firms predict longer fundraising periods as they navigate tougher market conditions.
BMO Capital analyst Rufus Hone maintained a Hold rating on TPG (TPG - Research Report) today and set a price target of $37.00. The company's shares opened today at $32.29.According to TipRanks, Hone is an analyst with an average return of -6.7% and a 34.48% success rate. Hone covers the Financial sector, focusing on stocks such as Apollo Global Management, TPG, and Blackstone Group.TPG has an analyst consensus of Moderate Buy, with a price target consensus of $33.25, implying a 2.97% upside from current levels. In a report released today, Goldman Sachs also maintained a Hold rating on the stock with a $31.00 price target.
Analysts Offer Insights on Financial Companies: Radius Global Infrastructure (RADI), Angel Oak Mortgage (AOMR) and TPG (TPG)
Analysts have been eager to weigh in on the Financial sector with new ratings on Radius Global Infrastructure (RADI – Research Report), Angel Oak Mortgage (AOMR – Research Report) and TPG (TPG – Research Report). Radius Global Infrastructure (RADI) In a report released today, Ric Prentiss from Raymond James maintained a Buy rating on Radius Global Infrastructure, with a price target of $21.00. The company's shares closed last Tuesday at $14.60. According to TipRanks.com, Prentiss is a 4-star analyst with an average return of Finian O'Shea from Wells Fargo maintained a Hold rating on TPG, with a price target of $30.00. The company's shares closed last Tuesday at $30.92.
In a report released today, Brian McKenna from JMP Securities maintained a Hold rating on TPG (TPG - Research Report). The company's shares opened today at $30.98.McKenna covers the Financial sector, focusing on stocks such as KKR & Co, Carlyle Group, and Apollo Global Management. According to TipRanks, McKenna has an average return of 0.8% and a 40.00% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TPG with a $31.14 average price target.See today’s best-performing stocks on TipRanks >>The company has a one-year high of $35.40 and a one-year low of $23.09.
TPG reported a loss for the second quarter as its investment portfolio declined, although the private-equity manager saw a significant increase in the fees it collected on its investments.
The 30-year-old private equity giant has longtime roots in Fort Worth, where more than half of its IPO working group was based.
TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private equity portfolio. TPG said the value of all its funds depreciated during the quarter due to the market downturn, hurt by rising interest rates and the impact of the Russia-Ukraine war. That result was in line with peers Blackstone Inc, Carlyle Group Inc, KKR & Co Inc and Apollo Global Management Inc, which all reported a drop in their fund valuations in the second quarter.