Investors 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. Investors bought 6,215 put options on the company. This represents an increase of approximately 3,171% compared to the typical volume of 190 put options.

Analysts Set New Price Targets

TPG has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. 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 issued a buy rating to the company. Based on data from MarketBeat.com, TPG presently has a consensus rating of “Hold” and an average price target of $64.27.

TPG Price Performance

Shares of NASDAQ TPG traded up $0.07 during midday trading on Thursday, hitting $50.57. 405,641 shares of the company’s stock were exchanged, compared to its average volume of 970,114. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $59.23 and its two-hundred day moving average price is $61.80. The company has a market cap of $18.68 billion, a price-to-earnings ratio of -114.62, a PEG ratio of 0.80 and a beta of 1.54. TPG has a 12-month low of $39.18 and a 12-month high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 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 forecast that TPG will post 2.52 EPS for the current fiscal 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 76.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TPG. Geode Capital Management LLC grew its holdings in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of TPG in the fourth quarter worth about $1,815,000. Highland Capital Management LLC grew its stake in shares of TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company’s stock worth $3,222,000 after purchasing an additional 8,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after purchasing an additional 31,638 shares during the period. Finally, Cinctive Capital Management LP raised its position in TPG by 65.9% during the 3rd quarter. Cinctive Capital Management LP now owns 50,435 shares of the company’s stock valued at $2,903,000 after purchasing an additional 20,026 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other 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.