Charles Schwab Investment Management Inc. Buys 32,127 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Charles Schwab Investment Management Inc. increased its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 826,187 shares of the financial services provider's stock after acquiring an additional 32,127 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Hilltop worth $23,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Hilltop by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider's stock worth $836,000 after buying an additional 1,218 shares in the last quarter. Quest Partners LLC grew its stake in Hilltop by 61.4% in the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock worth $1,556,000 after buying an additional 18,415 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Hilltop in the 3rd quarter worth approximately $270,000. King Luther Capital Management Corp grew its stake in Hilltop by 3.3% in 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 buying an additional 3,883 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Hilltop in the 3rd quarter worth approximately $314,000. Institutional investors own 57.13% of the company's stock.

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Hilltop Stock Down 0.3 %

Shares of Hilltop stock traded down $0.09 during trading on Friday, reaching $30.41. The company's stock had a trading volume of 710,571 shares, compared to its average volume of 308,963. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 17.48 and a beta of 1.14. The firm's 50-day moving average is $30.64 and its two-hundred day moving average is $30.96.

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

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.18 per share. This is a positive change from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, February 13th. Hilltop's dividend payout ratio is currently 41.38%.

Analyst Upgrades and Downgrades

HTH has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price target on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating for the company in a research note on Monday, February 3rd. Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th.

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.