Overview
* TPG raised over $18 bln in capital, highlighting strong private equity and credit fundraising
* Company deployed nearly $15 bln in Q3, up over 70% yr/yr
* TPG declares quarterly dividend of $0.45 per share
Outlook
* TPG did not provide specific future financial guidance
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 $0.45
Dividend
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the investment management & fund operators peer group is "buy"
* Wall Street's median 12-month price target for TPG Inc ( TPG ) is $65.00, about 15.7% above its November 3 closing price of $54.81
* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)