TPG Target of Unusually Large Options Trading (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG) saw unusually large options trading on Thursday. Stock investors acquired 6,215 put options on the company. This is an increase of approximately 3,171% compared to the typical daily volume of 190 put options.

TPG Stock Down 0.0 %

Shares of TPG stock opened at $50.49 on Friday. The business has a 50-day moving average of $58.94 and a 200-day moving average of $61.72. 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 company has a market capitalization of $18.65 billion, a PE ratio of -114.75, 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 announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.20%. TPG’s dividend payout ratio (DPR) is currently -481.82%.

Wall Street Analyst Weigh In

TPG has been the topic of several research reports. Wells Fargo & Company cut their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday. 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 report on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, TPG has an average rating of “Hold” and an average price target of $63.18.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction 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 transaction, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

Several large investors have recently modified their holdings of TPG. Capital World Investors grew its stake in shares of TPG by 484.6% during the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after acquiring an additional 2,541,013 shares in the last quarter. Norges Bank bought a new position in shares of TPG during the fourth quarter worth about $100,675,000. JPMorgan Chase & Co. lifted its position in shares of TPG by 2,515.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of TPG by 66.8% during the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock worth $141,001,000 after purchasing an additional 898,943 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.