TPG rises on strong second-quarter results - TPG News | RalliesTPG rises on strong second-quarter results
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TPG• TPG shares rise after Q2 results
- Shares of asset manager TPG TPG.O rise 5.5% to $48.8
- The company posts second-quarter after-tax distributable earnings of $280.2 million, compared with $268.3 million a year ago
- Fee-related earnings rose to $628 million from $495 million a year ago
- 12 of 16 analysts rate the stock "strong buy" or "buy" and four "hold"; their median price target is $58, according to data compiled by LSEG
- Including the session's move, the stock is down 23.9% year to date
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