Bridgeway Capital Management LLC grew its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,528 shares of the financial services provider's stock after purchasing an additional 9,672 shares during the period. Bridgeway Capital Management LLC owned approximately 0.54% of Hilltop worth $10,064,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Brevan Howard Capital Management LP purchased a new stake in Hilltop in the fourth quarter valued at about $279,000. Caxton Associates LP purchased a new position in shares of Hilltop in the 4th quarter valued at approximately $289,000. Balyasny Asset Management L.P. boosted its stake in Hilltop by 289.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 87,484 shares of the financial services provider's stock worth $2,505,000 after purchasing an additional 65,016 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Hilltop by 4.8% during the 4th quarter. Benjamin Edwards Inc. now owns 8,737 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 397 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Hilltop by 85.4% during the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after purchasing an additional 367,564 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.
Read Our Latest Research Report on HTH
Hilltop Price Performance
NYSE:HTH opened at $29.90 on Wednesday. The company's fifty day moving average price is $29.86 and its 200-day moving average price is $30.36. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a market capitalization of $1.92 billion, a P/E ratio of 17.18 and a beta of 0.87.
Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.37. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. The company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same period last year, the firm earned $0.42 EPS. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.
Hilltop Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.72 annualized dividend and a yield of 2.41%. Hilltop's dividend payout ratio is presently 36.55%.
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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