Raymond James Financial Inc. Buys New Shares in Hilltop Holdings Inc. (NYSE:HTH)

Raymond James Financial Inc. bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 138,960 shares of the financial services provider's stock, valued at approximately $3,978,000. Raymond James Financial Inc. owned approximately 0.21% of Hilltop as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Hilltop in the 3rd quarter valued at about $29,000. Venturi Wealth Management LLC bought a new position in Hilltop in the 4th quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hilltop during the 3rd quarter worth $49,000. KBC Group NV boosted its position in Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock valued at $75,000 after buying an additional 1,023 shares during the last quarter. Finally, FMR LLC increased its stake 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 valued at $106,000 after buying an additional 885 shares during the period. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Down 1.8 %

Shares of Hilltop stock traded down $0.57 during trading on Friday, reaching $30.45. 175,884 shares of the company were exchanged, compared to its average volume of 327,070. The business has a 50-day moving average price of $30.91 and a 200-day moving average price of $30.93. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.50 and a beta of 1.14. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32.

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Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. On average, equities research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from Hilltop's previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 13th. Hilltop's dividend payout ratio (DPR) is currently 41.38%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James cut Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their target price on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday, February 3rd.

About Hilltop

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.