Tiptree Financial Inc. $TIPT Position Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in shares of Tiptree Financial Inc. (NASDAQ:TIPT) by 25.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,279 shares of the financial services provider’s stock after selling 50,592 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Tiptree Financial worth $2,900,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Tiptree Financial by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock valued at $25,912,000 after purchasing an additional 23,347 shares during the last quarter. Royce & Associates LP grew its position in Tiptree Financial by 4.3% in the 3rd quarter. Royce & Associates LP now owns 443,261 shares of the financial services provider’s stock worth $8,497,000 after purchasing an additional 18,254 shares during the last quarter. Heartland Advisors Inc. increased its stake in shares of Tiptree Financial by 28.1% in the third quarter. Heartland Advisors Inc. now owns 384,155 shares of the financial services provider’s stock valued at $7,364,000 after purchasing an additional 84,155 shares during the period. Millennium Management LLC increased its stake in shares of Tiptree Financial by 29.4% in the third quarter. Millennium Management LLC now owns 319,189 shares of the financial services provider’s stock valued at $6,119,000 after purchasing an additional 72,513 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Tiptree Financial by 346.1% during the second quarter. Jane Street Group LLC now owns 166,425 shares of the financial services provider’s stock valued at $3,924,000 after buying an additional 129,122 shares during the last quarter. Institutional investors own 37.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TIPT. Weiss Ratings reissued a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Insider Activity at Tiptree Financial

In other Tiptree Financial news, CFO Scott T. Mckinney bought 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $16.15 per share, for a total transaction of $41,990.00. Following the acquisition, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at $44,703.20. This trade represents a 1,547.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 31.91% of the stock is owned by insiders.

Tiptree Financial Stock Performance

Shares of Tiptree Financial stock opened at $16.76 on Monday. The business has a fifty day simple moving average of $16.94 and a 200-day simple moving average of $17.94. Tiptree Financial Inc. has a fifty-two week low of $15.49 and a fifty-two week high of $27.41. The firm has a market cap of $634.87 million, a price-to-earnings ratio of 25.02 and a beta of 1.00. The company has a quick ratio of 6.45, a current ratio of 6.45 and a debt-to-equity ratio of 0.08.

Tiptree Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Tiptree Financial’s payout ratio is currently 35.82%.

Tiptree Financial Company Profile

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.