Amundi Raises Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Amundi grew its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 191.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,666 shares of the financial services provider's stock after acquiring an additional 15,547 shares during the quarter. Amundi's holdings in Hilltop were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HTH. Victory Capital Management Inc. raised its stake in shares of Hilltop by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider's stock worth $836,000 after purchasing an additional 1,218 shares during the period. Quest Partners LLC raised its stake in shares of Hilltop by 61.4% during the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock worth $1,556,000 after purchasing an additional 18,415 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Hilltop during the 3rd quarter worth $270,000. King Luther Capital Management Corp raised its stake in shares of Hilltop by 3.3% during the 3rd quarter. King Luther Capital Management Corp now owns 119,982 shares of the financial services provider's stock worth $3,859,000 after purchasing an additional 3,883 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Hilltop during the 3rd quarter worth $314,000. 57.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James cut Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lowered their price objective on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday, February 3rd.

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Hilltop Stock Down 0.3 %

Hilltop stock traded down $0.09 during midday trading on Friday, reaching $30.41. The stock had a trading volume of 710,571 shares, compared to its average volume of 309,404. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The firm's 50-day moving average price is $30.64 and its 200 day moving average price is $30.95. The firm has a market capitalization of $1.97 billion, a PE ratio of 17.48 and a beta of 1.14.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Equities research analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. Hilltop's dividend payout ratio is currently 41.38%.

Hilltop Profile

Hilltop Holdings Inc provides business and consumer banking 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.