TPG Sees Unusually High Options Volume (NASDAQ:TPG)

TPG Inc. (NASDAQ:TPG) was the target of unusually large options trading on Tuesday. Stock traders purchased 3,169 call options on the stock. This represents an increase of approximately 194% compared to the typical daily volume of 1,077 call options.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup reissued an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. UBS Group boosted their price target on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of TPG in a research note on Monday, May 4th. Finally, Evercore set a $47.00 price target on shares of TPG in a research report on Tuesday, April 21st. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.43.

Hedge Funds Weigh In On TPG

Institutional investors and hedge funds have recently made changes to their positions in the company. Darlington Partners Capital Management LP acquired a new position in shares of TPG in the second quarter valued at about $258,581,000. Millennium Management LLC raised its stake in TPG by 66.9% in the 4th quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock worth $292,689,000 after purchasing an additional 1,837,799 shares in the last quarter. Norges Bank bought a new stake in TPG in the 4th quarter valued at about $106,755,000. Bank of America Corp DE grew its position in shares of TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after purchasing an additional 1,501,808 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its position in shares of TPG by 14.1% during the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock worth $406,239,000 after purchasing an additional 1,236,526 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Performance

TPG stock traded up $2.08 during midday trading on Tuesday, reaching $48.40. 1,402,121 shares of the company were exchanged, compared to its average volume of 2,984,156. TPG has a one year low of $36.95 and a one year high of $70.38. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 219.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The business has a 50-day moving average price of $42.20 and a two-hundred day moving average price of $44.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.80 million. During the same quarter in the previous year, the firm posted $0.69 EPS. TPG’s revenue was up 23.9% compared to the same quarter last year. Equities research analysts forecast that TPG will post 2.83 EPS for the current year.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.