Stock Traders Buy High Volume of Put Options on TPG (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG) was the target of some unusual options trading activity on Thursday. Stock traders acquired 6,215 put options on the stock. This represents an increase of approximately 3,171% compared to the average volume of 190 put options.

TPG Stock Performance

Shares of NASDAQ:TPG traded up $0.07 during midday trading on Thursday, reaching $50.57. 405,641 shares of the company’s stock traded hands, compared to its average volume of 970,114. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG has a one year low of $39.18 and a one year high of $72.98. The company has a market cap of $18.68 billion, a price-to-earnings ratio of -114.62, a P/E/G ratio of 0.80 and a beta of 1.54. The stock has a 50 day moving average of $59.23 and a 200 day moving average of $61.80.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. 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 yield of 4.19%. TPG’s payout ratio is currently -481.82%.

Analysts Set New Price Targets

Several equities analysts have commented on TPG shares. JMP Securities reissued a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Evercore ISI boosted their price target on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.27.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on 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 owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

Several hedge funds and other institutional investors have recently modified their holdings of TPG. California State Teachers Retirement System increased its position in TPG by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 72,575 shares of the company’s stock valued at $4,561,000 after acquiring an additional 1,760 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of TPG in the 4th quarter worth approximately $67,000. Two Sigma Advisers LP purchased a new position in shares of TPG in the fourth quarter worth approximately $270,000. Two Sigma Investments LP grew its position in TPG by 33.6% during the fourth quarter. Two Sigma Investments LP now owns 141,797 shares of the company’s stock valued at $8,911,000 after buying an additional 35,662 shares during the period. Finally, Scientech Research LLC purchased a new stake in TPG during the fourth quarter valued at approximately $1,257,000. 94.03% of the stock is owned by institutional investors.

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.