Blueshift Asset Management LLC raised its stake in Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 64.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,705 shares of the financial services provider's stock after buying an additional 3,813 shares during the period. Blueshift Asset Management LLC's holdings in Hilltop were worth $285,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in Hilltop in the fourth quarter valued at approximately $54,000. Lazard Asset Management LLC boosted its position in Hilltop by 17.8% in the fourth quarter. Lazard Asset Management LLC now owns 2,184 shares of the financial services provider's stock valued at $76,000 after buying an additional 330 shares in the last quarter. Inspire Investing LLC acquired a new stake in Hilltop in the first quarter valued at approximately $236,000. Meritage Portfolio Management lifted its holdings in shares of Hilltop by 11.4% during the first quarter. Meritage Portfolio Management now owns 8,138 shares of the financial services provider's stock worth $239,000 after purchasing an additional 836 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Hilltop by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 8,761 shares of the financial services provider's stock worth $258,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 61.18% of the company's stock.
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Insider Buying and Selling
In other Hilltop news, Director Hill A. Feinberg sold 32,500 shares of Hilltop stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $29.69, for a total value of $964,925.00. Following the completion of the sale, the director now directly 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 SEC, which is available at the SEC website. 22.30% of the stock is owned by insiders.
Hilltop Stock Down 0.9 %
Shares of NYSE HTH opened at $26.15 on Friday. Hilltop Holdings Inc. has a twelve month low of $25.07 and a twelve month high of $38.47. The firm has a fifty day simple moving average of $27.77 and a 200 day simple moving average of $28.82. The company has a market capitalization of $1.69 billion, a PE ratio of 9.83 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.13. Hilltop had a net margin of 13.07% and a return on equity of 8.78%. The business had revenue of $351.33 million during the quarter, compared to the consensus estimate of $328.25 million. As a group, equities analysts expect that Hilltop Holdings Inc. will post 1.33 earnings per share for the current fiscal year.
Hilltop Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, August 11th. Hilltop's dividend payout ratio is presently 22.56%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Hilltop from a "hold" rating to a "sell" rating in a report on Tuesday, June 14th. Raymond James lowered shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, July 7th. Finally, Piper Sandler cut their price target on shares of Hilltop to $28.00 in a report on Monday, July 4th.
Hilltop 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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