Q1 Performance Analysis of Asset Management Firms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Yahoo Finance
- TPG's Strong Performance: TPG reported Q1 revenues of $570 million, a 20.7% year-over-year increase, exceeding analyst expectations by 5.2%, although its stock has declined 5.5% since reporting, currently trading at $41.77, indicating market caution regarding future performance.
- Blackstone's Steady Growth: Blackstone achieved revenues of $3.46 billion, up 24.2% year-over-year, surpassing analyst expectations by 1.4%, yet its stock fell 8.6% to $118.58, reflecting market dissatisfaction with its results.
- Carlyle's Weak Performance: Carlyle reported revenues of $750.9 million, down 28% year-over-year, falling short of analyst expectations by 13%, with its stock down 10.6% to $45.40, highlighting its competitive disadvantages.
- Ares' Fastest Growth: Ares generated revenues of $1.27 billion, a 26.2% year-over-year increase, despite missing analyst expectations by 2.3%, its stock rose 5.8% to $124.25, indicating a relatively strong performance among peers.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TPG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TPG
Wall Street analysts forecast TPG stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 41.620
Low
55.00
Averages
70.10
High
82.00
Current: 41.620
Low
55.00
Averages
70.10
High
82.00
About TPG
TPG Inc. is an alternative asset management company. The Company invests in a diversified set of strategies, including private equity, impact, credit, real estate, and market solutions. It consists of six multi-strategy investment platforms: Capital, Growth, Impact, Credit, Real Estate, and Market Solutions. Its Capital platform focuses on control-oriented private equity investments. Its Capital platform products include TPG Capital, TPG Healthcare Partners, and TPG Asia. Its Growth platform products include TPG Growth, TPG Tech Adjacencies, TPG Life Sciences Innovation, TPG Emerging Companies Asia and TPG Sports. Its Impact platform products include The Rise Funds, TPG Rise Climate, TPG Rise Climate Transition Infrastructure, TPG Rise Climate Global South Initiative and TPG NEXT. Its Credit platform products include TPG Credit Solutions, TPG Direct lending, TPG Asset Based Finance, TPG CLOs and TPG Multi-Asset Credit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Q1 Performance Analysis of Asset Management Firms
- TPG's Strong Performance: TPG reported Q1 revenues of $570 million, a 20.7% year-over-year increase, exceeding analyst expectations by 5.2%, although its stock has declined 5.5% since reporting, currently trading at $41.77, indicating market caution regarding future performance.
- Blackstone's Steady Growth: Blackstone achieved revenues of $3.46 billion, up 24.2% year-over-year, surpassing analyst expectations by 1.4%, yet its stock fell 8.6% to $118.58, reflecting market dissatisfaction with its results.
- Carlyle's Weak Performance: Carlyle reported revenues of $750.9 million, down 28% year-over-year, falling short of analyst expectations by 13%, with its stock down 10.6% to $45.40, highlighting its competitive disadvantages.
- Ares' Fastest Growth: Ares generated revenues of $1.27 billion, a 26.2% year-over-year increase, despite missing analyst expectations by 2.3%, its stock rose 5.8% to $124.25, indicating a relatively strong performance among peers.
See More
Wall Street's Bullish Outlook on Stocks
- Icahn Enterprises Sell Recommendation: Icahn Enterprises (NASDAQ: IEP) has seen a 4.6% annual sales decline over the past two years, indicating unfavorable market trends, while flat earnings per share have lagged peers, leading to a stock price of $8.21 and a low price-to-sales ratio of 0.5, suggesting investors should consider selling.
- CBIZ Buy Potential: CBIZ (NYSE: CBZ) achieved a remarkable 30.3% annual revenue growth over the last two years, indicating increased market share, while its earnings per share compounded at 22.9% annually, and a 7% free cash flow margin reduces reliance on external capital, with a current stock price of $29.67 and a forward P/E of 7.2.
- TPG Investment Opportunity: TPG (NASDAQ: TPG) has recorded a 23.6% annual revenue growth over the past five years, with earnings per share increasing by 28.8% annually, showcasing strong profitability, and its current stock price of $44 implies a forward P/E of 14.7, indicating noteworthy market performance.
- Market Dynamics Analysis: The current market is rapidly distinguishing quality stocks from overvalued ones, with an AI system identifying several potential high-return stocks, prompting investors to focus on these emerging opportunities to navigate market shifts.
See More
MarineMax Prepares for Sale as Stock Rises 30% Amid Increased Buyer Interest
- Accelerated Sale Process: MarineMax's board agreed to proceed with a sale last month, moving into the second round of negotiations, reflecting a strategic shift under investor pressure from Donerail Group, which may attract more buyers.
- Increased Acquisition Offers: Donerail Group has raised its bid for MarineMax, initially offering $35 per share, valuing the company at nearly $1 billion, indicating strong interest in the high-end yacht market.
- Rising Market Demand: With consumer demand for yachts increasing, MarineMax's stock has risen 30% this year, suggesting a positive outlook for the company's future and reflecting investor expectations for a potential acquisition.
- Investment Surge in Industry: Amid three interest rate cuts by the Federal Reserve last year, the yacht and marina business has become a hot investment area, with MarineMax collaborating with Wells Fargo to advance the acquisition process and seize market opportunities.
See More
TPG Inc. Q1 2026 Earnings Call Insights
- Significant Earnings Growth: TPG reported a 36% year-over-year increase in fee-related earnings for Q1 2026, surpassing $1 billion for the first time, indicating strong momentum in capital formation and deployment despite macroeconomic challenges.
- Asset Management Expansion: The total AUM grew by 22% to $306 billion, with fee-earning AUM increasing by 23% to $175 billion, reflecting the company's success in capital raising and value creation strategies.
- Profitability Outlook: CFO Weingart reaffirmed a full-year FRE margin target of 47% for 2026, while also projecting capital raising to exceed $50 billion this year, demonstrating confidence in future growth prospects.
- Market Risk Warnings: Management highlighted uncertainties such as AI disruption, private credit stress, and geopolitical conflicts; however, Winkelried expressed optimism about the company's positioning in the current environment, viewing it as an opportunity.
See More
TPG Declares Quarterly Dividend of $0.59, Down 3.3%
- Dividend Adjustment: TPG has declared a quarterly dividend of $0.59 per share, representing a 3.3% decrease from the previous $0.61, indicating a cautious approach in the current economic environment that may affect investor confidence and stock performance.
- Yield Situation: The forward yield stands at 5.15%, which, despite the decrease, still offers investors a relatively stable return, showcasing the company's ongoing appeal in the high-yield asset management sector.
- Shareholder Arrangement: The dividend is payable on May 26, with a record date of May 11 and an ex-dividend date also on May 11, ensuring that shareholders receive their payouts promptly, thereby maintaining trust between the company and its investors.
- Market Reaction Expectations: The adjustment in TPG's dividend may prompt market scrutiny regarding its future financial health, especially against the backdrop of the company's planned acquisition of Learfield, leading investors to assess the potential impact of the acquisition on cash flow and dividend policy.
See More
TPG Set to Announce Q1 Earnings on May 1st
- Earnings Announcement: TPG is set to release its Q1 2023 earnings report on May 1st before market open, with consensus EPS estimate at $0.60 and revenue at $551.14 million, indicating significant investor interest in the company's performance.
- Historical Performance Review: Over the past two years, TPG has beaten EPS estimates 63% of the time, while only 13% for revenue, reflecting volatility in profitability that may impact investor confidence moving forward.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and eight downward, while revenue estimates experienced one upward and two downward revisions, suggesting market caution regarding TPG's future performance.
- Market Position Analysis: As a high-yield asset manager, TPG is currently trading at a discount, potentially attracting value-seeking investors, while the company is also actively pursuing acquisition opportunities to enhance its competitive edge.
See More
Q1 Performance Analysis of Asset Management Firms
- TPG's Strong Performance: TPG reported Q1 revenues of $570 million, a 20.7% year-over-year increase, exceeding analyst expectations by 5.2%, although its stock has declined 5.5% since reporting, currently trading at $41.77, indicating market caution regarding future performance.
- Blackstone's Steady Growth: Blackstone achieved revenues of $3.46 billion, up 24.2% year-over-year, surpassing analyst expectations by 1.4%, yet its stock fell 8.6% to $118.58, reflecting market dissatisfaction with its results.
- Carlyle's Weak Performance: Carlyle reported revenues of $750.9 million, down 28% year-over-year, falling short of analyst expectations by 13%, with its stock down 10.6% to $45.40, highlighting its competitive disadvantages.
- Ares' Fastest Growth: Ares generated revenues of $1.27 billion, a 26.2% year-over-year increase, despite missing analyst expectations by 2.3%, its stock rose 5.8% to $124.25, indicating a relatively strong performance among peers.
See More
Wall Street's Bullish Outlook on Stocks
- Icahn Enterprises Sell Recommendation: Icahn Enterprises (NASDAQ: IEP) has seen a 4.6% annual sales decline over the past two years, indicating unfavorable market trends, while flat earnings per share have lagged peers, leading to a stock price of $8.21 and a low price-to-sales ratio of 0.5, suggesting investors should consider selling.
- CBIZ Buy Potential: CBIZ (NYSE: CBZ) achieved a remarkable 30.3% annual revenue growth over the last two years, indicating increased market share, while its earnings per share compounded at 22.9% annually, and a 7% free cash flow margin reduces reliance on external capital, with a current stock price of $29.67 and a forward P/E of 7.2.
- TPG Investment Opportunity: TPG (NASDAQ: TPG) has recorded a 23.6% annual revenue growth over the past five years, with earnings per share increasing by 28.8% annually, showcasing strong profitability, and its current stock price of $44 implies a forward P/E of 14.7, indicating noteworthy market performance.
- Market Dynamics Analysis: The current market is rapidly distinguishing quality stocks from overvalued ones, with an AI system identifying several potential high-return stocks, prompting investors to focus on these emerging opportunities to navigate market shifts.
See More
MarineMax Prepares for Sale as Stock Rises 30% Amid Increased Buyer Interest
- Accelerated Sale Process: MarineMax's board agreed to proceed with a sale last month, moving into the second round of negotiations, reflecting a strategic shift under investor pressure from Donerail Group, which may attract more buyers.
- Increased Acquisition Offers: Donerail Group has raised its bid for MarineMax, initially offering $35 per share, valuing the company at nearly $1 billion, indicating strong interest in the high-end yacht market.
- Rising Market Demand: With consumer demand for yachts increasing, MarineMax's stock has risen 30% this year, suggesting a positive outlook for the company's future and reflecting investor expectations for a potential acquisition.
- Investment Surge in Industry: Amid three interest rate cuts by the Federal Reserve last year, the yacht and marina business has become a hot investment area, with MarineMax collaborating with Wells Fargo to advance the acquisition process and seize market opportunities.
See More
TPG Inc. Q1 2026 Earnings Call Insights
- Significant Earnings Growth: TPG reported a 36% year-over-year increase in fee-related earnings for Q1 2026, surpassing $1 billion for the first time, indicating strong momentum in capital formation and deployment despite macroeconomic challenges.
- Asset Management Expansion: The total AUM grew by 22% to $306 billion, with fee-earning AUM increasing by 23% to $175 billion, reflecting the company's success in capital raising and value creation strategies.
- Profitability Outlook: CFO Weingart reaffirmed a full-year FRE margin target of 47% for 2026, while also projecting capital raising to exceed $50 billion this year, demonstrating confidence in future growth prospects.
- Market Risk Warnings: Management highlighted uncertainties such as AI disruption, private credit stress, and geopolitical conflicts; however, Winkelried expressed optimism about the company's positioning in the current environment, viewing it as an opportunity.
See More
TPG Declares Quarterly Dividend of $0.59, Down 3.3%
- Dividend Adjustment: TPG has declared a quarterly dividend of $0.59 per share, representing a 3.3% decrease from the previous $0.61, indicating a cautious approach in the current economic environment that may affect investor confidence and stock performance.
- Yield Situation: The forward yield stands at 5.15%, which, despite the decrease, still offers investors a relatively stable return, showcasing the company's ongoing appeal in the high-yield asset management sector.
- Shareholder Arrangement: The dividend is payable on May 26, with a record date of May 11 and an ex-dividend date also on May 11, ensuring that shareholders receive their payouts promptly, thereby maintaining trust between the company and its investors.
- Market Reaction Expectations: The adjustment in TPG's dividend may prompt market scrutiny regarding its future financial health, especially against the backdrop of the company's planned acquisition of Learfield, leading investors to assess the potential impact of the acquisition on cash flow and dividend policy.
See More
TPG Set to Announce Q1 Earnings on May 1st
- Earnings Announcement: TPG is set to release its Q1 2023 earnings report on May 1st before market open, with consensus EPS estimate at $0.60 and revenue at $551.14 million, indicating significant investor interest in the company's performance.
- Historical Performance Review: Over the past two years, TPG has beaten EPS estimates 63% of the time, while only 13% for revenue, reflecting volatility in profitability that may impact investor confidence moving forward.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and eight downward, while revenue estimates experienced one upward and two downward revisions, suggesting market caution regarding TPG's future performance.
- Market Position Analysis: As a high-yield asset manager, TPG is currently trading at a discount, potentially attracting value-seeking investors, while the company is also actively pursuing acquisition opportunities to enhance its competitive edge.
See More
