Dimensional Fund Advisors LP Sells 82,786 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Dimensional Fund Advisors LP decreased its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,282,754 shares of the financial services provider's stock after selling 82,786 shares during the period. Dimensional Fund Advisors LP owned about 5.05% of Hilltop worth $93,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Hilltop by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider's stock valued at $154,116,000 after purchasing an additional 32,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hilltop by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider's stock worth $23,654,000 after acquiring an additional 32,127 shares during the last quarter. Hodges Capital Management Inc. raised its stake in shares of Hilltop by 20.7% during the fourth 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hilltop by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider's stock worth $14,642,000 after purchasing an additional 30,861 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Hilltop by 5.3% in the fourth quarter. Jennison Associates LLC now owns 454,929 shares of the financial services provider's stock worth $13,025,000 after purchasing an additional 22,704 shares during the last quarter. Institutional investors own 57.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HTH. Keefe, Bruyette & Woods reduced their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

Hilltop Stock Up 0.9 %

HTH traded up $0.27 during trading on Friday, reaching $29.93. 344,908 shares of the stock traded hands, compared to its average volume of 341,842. The stock's 50-day moving average is $29.97 and its 200 day moving average is $30.42. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The stock has a market capitalization of $1.94 billion, a PE ratio of 17.20 and a beta of 1.00.

Hilltop (NYSE:HTH - Get Free Report) last announced 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. 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 analyst estimates of $290.68 million. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop's dividend payout ratio is presently 36.55%.

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.