Ameriprise Financial Inc. Buys 367,564 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Ameriprise Financial Inc. grew its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 85.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 797,987 shares of the financial services provider's stock after purchasing an additional 367,564 shares during the period. Ameriprise Financial Inc. owned about 1.23% of Hilltop worth $22,846,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Hilltop during the 4th quarter worth approximately $3,978,000. Hodges Capital Management Inc. boosted its position in shares of Hilltop by 20.7% during 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 acquiring an additional 89,724 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Hilltop by 98.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock valued at $3,930,000 after acquiring an additional 68,276 shares during the period. Hsbc Holdings PLC boosted its holdings in Hilltop by 774.5% during the fourth quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider's stock valued at $1,906,000 after purchasing an additional 58,709 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Hilltop by 112.9% in the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider's stock valued at $3,428,000 after purchasing an additional 56,537 shares during the period. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Down 0.5%

NYSE HTH traded down $0.15 on Tuesday, hitting $30.65. The company's stock had a trading volume of 22,073 shares, compared to its average volume of 343,591. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a market cap of $1.97 billion, a PE ratio of 17.62 and a beta of 0.87. The company's 50-day moving average is $29.73 and its 200 day moving average is $30.35.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.28 by $0.37. The company had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same period last year, the business posted $0.42 EPS. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HTH. Keefe, Bruyette & Woods dropped their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

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.