Traders Purchase Large Volume of Put Options on TPG (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG) saw some unusual options trading on Thursday. Stock traders bought 6,215 put options on the company. This represents an increase of 3,171% compared to the typical volume of 190 put options.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets raised their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Keefe, Bruyette & Woods raised their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company dropped their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Evercore ISI raised their target price on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.18.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $50.00 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The business’s 50 day moving average price is $58.69 and its 200-day moving average price is $61.72. The firm has a market capitalization of $18.47 billion, a PE ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54. TPG has a 1 year low of $39.18 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. As a group, equities research analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.24%. TPG’s payout ratio is currently -481.82%.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

A number of institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its position in TPG by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock worth $2,322,000 after buying an additional 230 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares in the last quarter. Comerica Bank lifted its position in TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after buying an additional 450 shares in the last quarter. KBC Group NV raised its position in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.