BHZ Capital Management LP increased its stake in Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,967 shares of the financial services provider's stock after purchasing an additional 15,021 shares during the quarter. Hilltop makes up approximately 1.5% of BHZ Capital Management LP's investment portfolio, making the stock its 15th biggest position. BHZ Capital Management LP's holdings in Hilltop were worth $4,585,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. HWG Holdings LP bought a new position in Hilltop in the 4th quarter worth $54,000. Lazard Asset Management LLC raised its holdings in Hilltop by 17.8% during the fourth quarter. Lazard Asset Management LLC now owns 2,184 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 330 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Hilltop during the fourth quarter valued at about $277,000. Inspire Investing LLC bought a new stake in Hilltop during the first quarter valued at about $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hilltop by 29.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,052 shares of the financial services provider's stock valued at $283,000 after acquiring an additional 1,842 shares during the period. 63.52% of the stock is owned by institutional investors.

Hilltop Price Performance

Shares of HTH stock traded down $0.49 during trading hours on Friday, hitting $28.79. The stock had a trading volume of 4,090 shares, compared to its average volume of 470,076. Hilltop Holdings Inc. has a one year low of $25.07 and a one year high of $38.47. The stock's 50-day moving average price is $27.69 and its two-hundred day moving average price is $29.17. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.01 and a beta of 1.10.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.08%. Hilltop's dividend payout ratio (DPR) is presently 22.56%.

Insider Buying and Selling at Hilltop

In other news, Director Hill A. Feinberg sold 32,500 shares of Hilltop stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $29.69, for a total transaction of $964,925.00. Following the completion of the sale, the director now owns 622,736 shares of the company's stock, valued at $18,489,031.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on HTH. StockNews.com cut Hilltop from a "hold" rating to a "sell" rating in a report on Tuesday, June 14th. Piper Sandler decreased their price target on Hilltop to $28.00 in a report on Monday, July 4th. TheStreet cut Hilltop from a "b" rating to a "c+" rating in a report on Friday, April 22nd. Finally, Raymond James cut Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, July 7th.

Hilltop Company Profile

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Hilltop Holdings Inc provides business and consumer banking, and financial products and services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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