Hsbc Holdings PLC Has $544,000 Position in Tiptree Inc. (NASDAQ:TIPT)

Hsbc Holdings PLC grew its stake in Tiptree Inc. (NASDAQ:TIPT) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,980 shares of the financial services provider’s stock after acquiring an additional 6,249 shares during the quarter. Hsbc Holdings PLC’s holdings in Tiptree were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TIPT. OneDigital Investment Advisors LLC bought a new stake in Tiptree in the fourth quarter valued at approximately $339,000. Barclays PLC grew its holdings in shares of Tiptree by 10.8% in the 4th quarter. Barclays PLC now owns 80,569 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 7,824 shares during the period. Kennedy Capital Management LLC increased its position in shares of Tiptree by 55.2% in the 4th quarter. Kennedy Capital Management LLC now owns 273,014 shares of the financial services provider’s stock valued at $5,695,000 after buying an additional 97,078 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Tiptree during the 4th quarter worth $642,000. Finally, Renaissance Technologies LLC bought a new position in Tiptree during the fourth quarter worth about $480,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tiptree from a “buy” rating to a “hold” rating in a report on Monday.

Tiptree Stock Performance

Shares of TIPT opened at $21.44 on Wednesday. The firm’s 50 day moving average price is $22.57 and its two-hundred day moving average price is $21.39. Tiptree Inc. has a twelve month low of $15.60 and a twelve month high of $26.90. The firm has a market cap of $798.83 million, a P/E ratio of 22.10 and a beta of 1.16.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The firm had revenue of $497.43 million during the quarter.

Tiptree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, May 12th. Tiptree’s payout ratio is 20.00%.

Tiptree Company Profile

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.