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16,114 Shares in Hilltop Holdings Inc. (NYSE:HTH) Purchased by Teacher Retirement System of Texas

Hilltop logo with Finance background

Teacher Retirement System of Texas acquired a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,114 shares of the financial services provider's stock, valued at approximately $491,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Hilltop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider's stock worth $154,116,000 after buying an additional 32,605 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 32,127 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Hilltop by 85.4% during the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock worth $22,846,000 after buying an additional 367,564 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Hilltop by 8.8% during the 4th quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock worth $18,449,000 after buying an additional 52,227 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Hilltop by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider's stock worth $14,642,000 after buying an additional 30,861 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on HTH. Raymond James Financial raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced 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 note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Hilltop from a "hold" rating to a "sell" rating in a research note on Friday.

Check Out Our Latest Stock Analysis on Hilltop

Hilltop Stock Performance

NYSE:HTH traded down $0.12 during mid-day trading on Friday, hitting $31.23. 353,986 shares of the company's stock traded hands, compared to its average volume of 366,952. The firm's 50 day simple moving average is $30.35 and its 200 day simple moving average is $30.08. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32. The company has a market cap of $2.00 billion, a PE ratio of 15.85 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. The business had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. Hilltop had a net margin of 7.87% and a return on equity of 5.79%. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.31%. Hilltop's dividend payout ratio (DPR) is 36.55%.

Hilltop Profile

(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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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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