Vanguard Group Inc. Has $154.12 Million Position in Hilltop Holdings Inc. (NYSE:HTH)

Vanguard Group Inc. boosted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,383,034 shares of the financial services provider's stock after acquiring an additional 32,605 shares during the period. Vanguard Group Inc. owned approximately 8.29% of Hilltop worth $154,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HTH. State Street Corp increased its position in shares of Hilltop by 4.4% during the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock worth $82,594,000 after acquiring an additional 107,348 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hilltop by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock worth $33,991,000 after purchasing an additional 17,477 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Hilltop by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider's stock valued at $23,654,000 after purchasing an additional 32,127 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Hilltop by 20.7% in the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock valued at $14,959,000 after purchasing an additional 89,724 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Hilltop by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 480,557 shares of the financial services provider's stock worth $15,455,000 after buying an additional 15,346 shares during the period. 57.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HTH. Keefe, Bruyette & Woods dropped their target price on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research report on Monday, February 3rd. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

Hilltop Stock Performance

HTH traded down $0.11 on Friday, hitting $27.93. 373,583 shares of the company were exchanged, compared to its average volume of 338,389. The stock's fifty day moving average is $30.78 and its 200-day moving average is $30.65. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The company has a market cap of $1.81 billion, a PE ratio of 16.05 and a beta of 1.00.

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

Hilltop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, February 13th. This is a positive change from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.58%. Hilltop's payout ratio is currently 41.38%.

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.