Hilltop Holdings Inc. (NYSE:HTH) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,860 shares of the financial services provider's stock after selling 36,162 shares during the quarter. Bank of New York Mellon Corp owned about 1.14% of Hilltop worth $21,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HTH. Quest Partners LLC boosted its holdings in shares of Hilltop by 61.4% in the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock valued at $1,556,000 after acquiring an additional 18,415 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Hilltop by 53.1% in the third quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock valued at $2,280,000 after purchasing an additional 24,591 shares during the period. State Street Corp lifted its stake in shares of Hilltop by 4.4% in the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock valued at $82,594,000 after purchasing an additional 107,348 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hilltop by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock valued at $33,991,000 after purchasing an additional 17,477 shares during the period. Finally, Versor Investments LP lifted its stake in shares of Hilltop by 171.4% in the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider's stock valued at $1,100,000 after purchasing an additional 21,600 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Hilltop Stock Up 1.8 %

Shares of NYSE:HTH traded up $0.56 during trading on Friday, reaching $30.84. The stock had a trading volume of 291,205 shares, compared to its average volume of 308,906. The business has a fifty day moving average price of $30.30 and a 200-day moving average price of $31.05. The stock has a market cap of $2.00 billion, a P/E ratio of 17.72 and a beta of 1.14. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32.

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 (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%. As a group, equities analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.18 per share. This is an increase from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, February 13th. Hilltop's 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.