TPG Sees Unusually High Options Volume (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG - Get Free Report) was the recipient of unusually large options trading on Thursday. Investors purchased 6,215 put options on the stock. This is an increase of approximately 3,171% compared to the typical volume of 190 put options.

TPG Stock Performance

TPG stock traded up $2.03 during midday trading on Monday, reaching $52.03. 445,435 shares of the company traded hands, compared to its average volume of 982,486. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG has a 12 month low of $39.18 and a 12 month high of $72.98. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of -118.25, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The business has a 50 day moving average of $58.69 and a two-hundred day moving average of $61.90.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.67% and a return on equity of 24.66%. As a group, research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.07%. This is a positive change from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio is -481.82%.

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Analysts Set New Price Targets

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

Insider Transactions at TPG

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

Hedge Funds Weigh In On TPG

A number of institutional investors have recently bought and sold shares of TPG. ORG Wealth Partners LLC purchased a new stake in TPG in the fourth quarter worth about $33,000. Fourth Dimension Wealth LLC bought a new position in shares of TPG in the fourth quarter worth about $67,000. Comerica Bank grew its position in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares in the last quarter. R Squared Ltd purchased a new position in shares of TPG in the fourth quarter worth $97,000. Finally, KBC Group NV lifted its holdings in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

About TPG

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.