TD Asset Management Inc. decreased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 22.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,200 shares of the financial services provider's stock after selling 66,800 shares during the quarter. TD Asset Management Inc. owned 0.29% of Hilltop worth $6,738,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in Hilltop by 1.3% during the first quarter. Nordea Investment Management AB now owns 247,698 shares of the financial services provider's stock worth $7,448,000 after acquiring an additional 3,126 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Hilltop by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider's stock worth $32,783,000 after acquiring an additional 208,314 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Hilltop during the fourth quarter worth about $277,000. First Eagle Investment Management LLC raised its stake in Hilltop by 273.4% during the fourth quarter. First Eagle Investment Management LLC now owns 35,918 shares of the financial services provider's stock worth $1,262,000 after acquiring an additional 26,300 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Hilltop by 19.5% during the fourth quarter. Panagora Asset Management Inc. now owns 266,320 shares of the financial services provider's stock worth $9,358,000 after acquiring an additional 43,441 shares in the last quarter. Institutional investors and hedge funds own 63.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HTH shares. StockNews.com downgraded Hilltop from a "hold" rating to a "sell" rating in a research note on Tuesday, June 14th. Piper Sandler lowered their price objective on Hilltop to $28.00 in a research note on Monday, July 4th. Finally, Raymond James downgraded Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, July 7th.

Insider Activity at Hilltop

Hilltop Price Performance

Hilltop stock opened at $28.24 on Friday. The business has a 50 day moving average of $27.75 and a 200-day moving average of $29.00. Hilltop Holdings Inc. has a 1 year low of $25.07 and a 1 year high of $38.47. The company has a market capitalization of $1.82 billion, a P/E ratio of 10.62 and a beta of 1.10.

Hilltop (NYSE:HTH – Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. Hilltop had a return on equity of 8.78% and a net margin of 13.07%. The business had revenue of $351.33 million for the quarter, compared to analysts' expectations of $328.25 million. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.33 EPS for the current year.

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, August 11th. Hilltop's payout ratio is presently 22.56%.

About Hilltop

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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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