New York State Common Retirement Fund trimmed its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 43.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,294 shares of the financial services provider's stock after selling 12,400 shares during the period. New York State Common Retirement Fund's holdings in Hilltop were worth $466,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of HTH. Venturi Wealth Management LLC bought a new stake in Hilltop during the fourth quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new stake in shares of Hilltop in the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hilltop in the 3rd quarter worth $49,000. KBC Group NV raised its position in Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after acquiring an additional 1,023 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after purchasing an additional 885 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.
Hilltop Stock Up 0.4 %
Shares of HTH traded up $0.14 during trading hours on Friday, reaching $31.71. The company's stock had a trading volume of 309,957 shares, compared to its average volume of 306,805. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 18.22 and a beta of 1.14. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The company has a 50 day moving average of $30.08 and a two-hundred day moving average of $31.09.
Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share 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, analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.
Hilltop Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.27%. Hilltop's dividend payout ratio is 41.38%.
Analysts Set New Price Targets
Several analysts have issued reports on HTH shares. Keefe, Bruyette & Woods cut their price objective on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a report on Monday, February 3rd. Raymond James downgraded shares of Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, Hilltop has a consensus rating of "Hold" and an average price target of $34.00.
Check Out Our Latest Analysis on HTH
About Hilltop
(
Free Report)
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.
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