King Luther Capital Management Corp Has $3.68 Million Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

King Luther Capital Management Corp lifted its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 128,549 shares of the financial services provider's stock after buying an additional 8,567 shares during the quarter. King Luther Capital Management Corp owned about 0.20% of Hilltop worth $3,680,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Verition Fund Management LLC raised its stake in Hilltop by 419.7% in the 3rd quarter. Verition Fund Management LLC now owns 383,692 shares of the financial services provider's stock worth $12,340,000 after purchasing an additional 309,858 shares in the last quarter. Janus Henderson Group PLC raised its stake in Hilltop by 90.5% in the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider's stock worth $19,043,000 after purchasing an additional 281,230 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Hilltop in the 4th quarter worth about $3,978,000. State Street Corp raised its stake in Hilltop by 4.4% in the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock worth $82,594,000 after purchasing an additional 107,348 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in Hilltop by 20.7% in 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 buying an additional 89,724 shares during the period. Institutional investors and hedge funds own 57.13% of the company's stock.

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Wall Street Analyst Weigh In

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

Hilltop Trading Up 1.8 %

HTH stock traded up $0.56 during mid-day trading on Friday, hitting $30.84. The stock had a trading volume of 291,205 shares, compared to its average volume of 306,848. The firm has a market capitalization of $2.00 billion, a P/E ratio of 17.72 and a beta of 1.14. The firm has a fifty day simple moving average of $30.35 and a 200 day simple moving average of $31.03. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) 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 analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend 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 2.34%. Hilltop's payout ratio is 41.38%.

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.