Canada Pension Plan Investment Board Boosts Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Canada Pension Plan Investment Board raised its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 110.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,600 shares of the financial services provider's stock after purchasing an additional 37,000 shares during the period. Canada Pension Plan Investment Board owned 0.11% of Hilltop worth $2,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Hilltop during the fourth quarter worth about $3,978,000. Hodges Capital Management Inc. boosted its holdings 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 worth $14,959,000 after purchasing an additional 89,724 shares during the last quarter. Barclays PLC grew its position in shares of Hilltop by 112.9% in the third 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Hilltop in the fourth quarter valued at approximately $1,617,000. Finally, Trexquant Investment LP purchased a new position in Hilltop during the fourth quarter worth approximately $1,282,000. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Stock Up 0.1 %

NYSE:HTH traded up $0.04 on Tuesday, reaching $29.06. The company's stock had a trading volume of 43,570 shares, compared to its average volume of 338,974. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 16.72 and a beta of 1.00. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32. The stock has a 50 day moving average price of $30.07 and a 200 day moving average price of $30.45.

Hilltop (NYSE:HTH - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The company had revenue of $318.46 million for the quarter, compared to analysts' expectations of $290.68 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Equities research analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 yield of 2.48%. The ex-dividend date is Thursday, May 8th. Hilltop's dividend payout ratio (DPR) is 36.55%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HTH shares. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. 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.

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.