Janus Henderson Group PLC Has $19.04 Million Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Janus Henderson Group PLC increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 90.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 592,138 shares of the financial services provider's stock after acquiring an additional 281,230 shares during the quarter. Janus Henderson Group PLC owned about 0.91% of Hilltop worth $19,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its position in Hilltop by 27.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 382,430 shares of the financial services provider's stock worth $12,299,000 after purchasing an additional 81,780 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Hilltop in the third quarter valued at about $268,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hilltop during the third quarter worth about $49,000. Verition Fund Management LLC increased its stake in Hilltop by 419.7% during the third quarter. Verition Fund Management LLC now owns 383,692 shares of the financial services provider's stock valued at $12,340,000 after acquiring an additional 309,858 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Hilltop by 74.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,069 shares of the financial services provider's stock valued at $549,000 after acquiring an additional 7,287 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com raised Hilltop from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $34.50.

Hilltop Stock Performance

Shares of HTH stock traded up $0.50 during trading hours on Friday, hitting $31.83. The company had a trading volume of 185,251 shares, compared to its average volume of 244,076. Hilltop Holdings Inc. has a 12 month low of $28.58 and a 12 month high of $35.66. The firm's fifty day moving average is $31.62 and its 200 day moving average is $31.54. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.53 and a beta of 1.13.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million for the quarter, compared to analyst estimates of $302.29 million. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, sell-side analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop's dividend payout ratio (DPR) is currently 41.72%.

Insider Buying and Selling at Hilltop

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of Hilltop stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total value of $80,000.00. Following the completion of the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total value of $1,006,051.11. Following the sale, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.30% of the company's stock.

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.