In a report released yesterday, Michael Brown from KBW maintained a Hold rating on TPG (TPG – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $43.18.
According to TipRanks, Brown is a 5-star analyst with an average return of 16.9% and a 64.77% success rate. Brown covers the Financial sector, focusing on stocks such as KKR & Co, T Rowe Price, and WisdomTree.
In addition to KBW, TPG also received a Hold from JMP Securities’s Brian McKenna in a report issued yesterday. However, on the same day, Goldman Sachs reiterated a Buy rating on TPG (NASDAQ: TPG).
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Based on TPG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $160.36 million and a net profit of $14.67 million. In comparison, last year the company earned a revenue of $561.12 million and had a net profit of $37.36 million
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TPG (TPG) Company Description:
TPG Inc is a global alternative asset firm. It invests across five multi-product platforms namely Capital, Growth, Impact, Real Estate, and Market Solutions. TPG aims to build dynamic products and options for its clients while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.
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