Bank of New York Mellon Corp Has $1.98 Million Holdings in Tiptree Inc. (NASDAQ:TIPT)

Bank of New York Mellon Corp decreased its holdings in Tiptree Inc. (NASDAQ:TIPT) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 95,048 shares of the financial services provider’s stock after selling 898 shares during the period. Bank of New York Mellon Corp’s holdings in Tiptree were worth $1,983,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of Tiptree by 74.2% in the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after purchasing an additional 30,985 shares during the period. FMR LLC increased its holdings in Tiptree by 43.1% in the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,339 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tiptree by 166.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock worth $3,592,000 after buying an additional 114,568 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Tiptree by 55.9% in the third quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock worth $1,550,000 after buying an additional 28,400 shares during the last quarter. Finally, State Street Corp increased its holdings in Tiptree by 1.9% in the third quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock worth $9,673,000 after buying an additional 9,059 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Tiptree Stock Performance

NASDAQ:TIPT opened at $23.08 on Friday. The stock’s 50 day moving average price is $21.07 and its 200 day moving average price is $20.71. Tiptree Inc. has a 52 week low of $15.52 and a 52 week high of $24.09. The company has a market capitalization of $859.94 million, a P/E ratio of 23.79 and a beta of 1.31.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $503.60 million during the quarter.

Tiptree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.04%. Tiptree’s dividend payout ratio (DPR) is currently 18.60%.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.