Monument Group Wealth Advisors LLC Acquires Shares of 11,557 Hilltop Holdings Inc. (NYSE:HTH)

Monument Group Wealth Advisors LLC purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,557 shares of the financial services provider's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HTH. Harbor Capital Advisors Inc. lifted its holdings in Hilltop by 5.9% during the third quarter. Harbor Capital Advisors Inc. now owns 13,794 shares of the financial services provider's stock worth $444,000 after acquiring an additional 769 shares in the last quarter. FMR LLC boosted its stake in shares of Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after buying an additional 885 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Hilltop in the third quarter valued at approximately $29,000. The Manufacturers Life Insurance Company increased its holdings in Hilltop by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 26,416 shares of the financial services provider's stock worth $826,000 after buying an additional 913 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Hilltop by 4.9% during the third quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider's stock worth $836,000 after buying an additional 1,218 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Stock Up 0.8 %

NYSE HTH traded up $0.22 on Friday, hitting $28.84. The company's stock had a trading volume of 238,143 shares, compared to its average volume of 302,888. The firm has a market cap of $1.87 billion, a PE ratio of 17.69 and a beta of 1.15. The company's 50-day moving average is $30.32 and its 200 day moving average is $31.34. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, topping 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 firm had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same period in the previous year, the business earned $0.57 EPS. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 2.36%. Hilltop's payout ratio is 41.72%.

Wall Street Analysts Forecast Growth

A number of research analysts 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. Raymond James downgraded shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hilltop from $34.00 to $35.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, Hilltop presently has a consensus rating of "Hold" and an average price target of $34.50.

Insider Transactions at Hilltop

In other news, CAO Keith E. Bornemann sold 2,500 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now owns 9,124 shares in the company, valued at $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the transaction, the chief executive officer now owns 77,748 shares in the company, valued at approximately $2,535,362.28. This represents a 28.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.