Intech Investment Management LLC Acquires 24,173 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Intech Investment Management LLC raised its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 247.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,947 shares of the financial services provider's stock after purchasing an additional 24,173 shares during the quarter. Intech Investment Management LLC owned 0.05% of Hilltop worth $972,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in 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 grew its stake in shares of Hilltop by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock worth $33,991,000 after buying an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hilltop by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider's stock worth $23,654,000 after buying an additional 32,127 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Hilltop by 90.5% in the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider's stock valued at $19,043,000 after acquiring an additional 281,230 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of Hilltop by 20.7% during the 4th quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock valued at $14,959,000 after acquiring an additional 89,724 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.

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Hilltop Price Performance

Shares of Hilltop stock traded up $0.26 during trading on Wednesday, reaching $31.17. 185,487 shares of the company traded hands, compared to its average volume of 309,081. The company has a 50 day moving average price of $30.77 and a 200-day moving average price of $30.93. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a market capitalization of $2.02 billion, a PE ratio of 17.91 and a beta of 1.14.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Equities research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current 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 issued a dividend of $0.18 per share. This is an increase from Hilltop's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. Hilltop's payout ratio is currently 41.38%.

Analyst Ratings Changes

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

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.