Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Dimensional Fund Advisors LP

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

Several other institutional investors have also added to or reduced their stakes in HTH. Venturi Wealth Management LLC bought a new stake in Hilltop during the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in shares of Hilltop by 827.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 1,332 shares in the last quarter. KBC Group NV boosted its holdings in shares of Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 1,023 shares during the period. Olympiad Research LP bought a new position in Hilltop in the fourth quarter worth approximately $210,000. Finally, Inceptionr LLC purchased a new position in Hilltop during the 4th quarter worth $220,000. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Up 0.9 %

HTH stock traded up $0.27 during trading on Friday, hitting $29.93. 344,908 shares of the company's stock traded hands, compared to its average volume of 340,910. The business has a fifty day simple moving average of $29.93 and a two-hundred day simple moving average of $30.38. The firm has a market capitalization of $1.94 billion, a P/E ratio of 17.20 and a beta of 1.00. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS 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 firm had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same period in the previous year, the company posted $0.42 EPS. On average, equities research analysts predict 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. Stockholders of record on Thursday, May 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, May 8th. Hilltop's dividend payout ratio is currently 36.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd.

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.