Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 110.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,600 shares of the financial services provider's stock after buying an additional 37,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.11% of Hilltop worth $2,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTH. Venturi Wealth Management LLC purchased a new stake in Hilltop in the fourth quarter worth $27,000. KBC Group NV increased its stake in Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after buying an additional 1,023 shares during the period. Legal & General Group Plc lifted its holdings in Hilltop by 0.8% during the 4th quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider's stock valued at $3,855,000 after buying an additional 1,040 shares in the last quarter. Inspire Investing LLC boosted its position in Hilltop by 9.4% in the 4th quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider's stock valued at $400,000 after buying an additional 1,196 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock worth $43,000 after acquiring an additional 1,332 shares in the last quarter. 57.13% of the stock is owned by institutional investors.

Hilltop Stock Up 0.1 %

Shares of NYSE HTH traded up $0.03 during midday trading on Monday, reaching $29.00. 208,152 shares of the company's stock traded hands, compared to its average volume of 394,095. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 16.68 and a beta of 1.00. The stock's 50 day simple moving average is $30.12 and its 200-day simple moving average is $30.47. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.37. The business had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same period last year, the business posted $0.42 EPS. Equities analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.18 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.48%. Hilltop's dividend payout ratio is presently 36.55%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HTH shares. Keefe, Bruyette & Woods dropped 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. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

Hilltop Company 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.