Invesco Ltd. Buys 26,728 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Invesco Ltd. increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 318,216 shares of the financial services provider's stock after purchasing an additional 26,728 shares during the period. Invesco Ltd. owned approximately 0.49% of Hilltop worth $9,111,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Hilltop by 1.7% in 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 acquiring an additional 17,477 shares during the period. Empowered Funds LLC increased its holdings in shares of Hilltop by 5.1% during the fourth quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock worth $5,712,000 after buying an additional 9,672 shares in the last quarter. Edge Capital Group LLC acquired a new stake in Hilltop during the 4th quarter valued at $335,000. Entropy Technologies LP acquired a new position in Hilltop during the 4th quarter worth about $477,000. Finally, JPMorgan Chase & Co. raised its position in Hilltop by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 480,557 shares of the financial services provider's stock worth $15,455,000 after purchasing an additional 15,346 shares during the last quarter. Institutional investors own 57.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on 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 upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

Hilltop Stock Down 1.1 %

NYSE HTH traded down $0.32 on Friday, reaching $28.97. The company had a trading volume of 629,934 shares, compared to its average volume of 340,113. The stock's 50 day moving average is $30.12 and its 200-day moving average is $30.47. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 16.65 and a beta of 1.00.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. The company had revenue of $318.46 million for the quarter, compared to analyst estimates of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. As a group, analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. Hilltop's dividend payout ratio is presently 36.55%.

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.