Charles Schwab Investment Management Inc. Increases Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Charles Schwab Investment Management Inc. boosted its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 794,060 shares of the financial services provider's stock after acquiring an additional 19,936 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Hilltop worth $25,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HTH. Quest Partners LLC boosted its stake in shares of Hilltop by 61.4% in the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock valued at $1,556,000 after purchasing an additional 18,415 shares in the last quarter. Versor Investments LP lifted its stake in Hilltop by 171.4% in the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider's stock worth $1,100,000 after purchasing an additional 21,600 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Hilltop by 187.9% during the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider's stock valued at $16,443,000 after buying an additional 333,695 shares during the period. Denali Advisors LLC bought a new position in shares of Hilltop during the second quarter valued at about $1,408,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hilltop in the third quarter worth about $270,000. Institutional investors own 57.13% of the company's stock.

Insider Activity

In other news, CAO Keith E. Bornemann sold 2,500 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now directly owns 9,124 shares of the company's stock, valued at $291,968. This represents a 21.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the transaction, the chief executive officer now directly owns 77,748 shares of the company's stock, valued at approximately $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hilltop has an average rating of "Hold" and an average price target of $34.50.

Hilltop Stock Performance

Shares of NYSE HTH traded up $0.30 during trading hours on Friday, hitting $31.63. The company's stock had a trading volume of 33,425 shares, compared to its average volume of 311,330. The business has a 50-day simple moving average of $31.61 and a 200-day simple moving average of $31.54. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 19.25 and a beta of 1.13. Hilltop Holdings Inc. has a 12 month low of $28.58 and a 12 month high of $35.66.

Hilltop (NYSE:HTH - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The firm had revenue of $411.49 million for the quarter, compared to analysts' expectations of $302.29 million. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities research analysts forecast that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.15%. Hilltop's dividend payout ratio is 41.72%.

About Hilltop

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.