Allianz Asset Management GmbH Buys 39,837 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Allianz Asset Management GmbH boosted its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 64.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,484 shares of the financial services provider's stock after purchasing an additional 39,837 shares during the quarter. Allianz Asset Management GmbH owned about 0.16% of Hilltop worth $3,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTH. Ameriprise Financial Inc. lifted its position in Hilltop by 85.4% during the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock worth $22,846,000 after purchasing an additional 367,564 shares during the period. Nuveen Asset Management LLC lifted its position in Hilltop by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock worth $9,236,000 after purchasing an additional 173,245 shares during the period. Raymond James Financial Inc. bought a new stake in Hilltop during the fourth quarter worth about $3,978,000. Cubist Systematic Strategies LLC lifted its position in Hilltop by 158.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock worth $4,388,000 after purchasing an additional 94,073 shares during the period. Finally, Tudor Investment Corp ET AL lifted its position in Hilltop by 98.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock worth $3,930,000 after purchasing an additional 68,276 shares during the period. 57.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HTH shares. Keefe, Bruyette & Woods cut their price objective on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen raised Hilltop from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

Hilltop Trading Down 0.2%

NYSE HTH traded down $0.06 during trading on Friday, hitting $29.54. 537,442 shares of the company's stock were exchanged, compared to its average volume of 446,562. The company has a market cap of $1.86 billion, a PE ratio of 13.25 and a beta of 0.87. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $34.68. The stock's 50 day moving average price is $30.32 and its two-hundred day moving average price is $30.24.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%. The firm had revenue of $303.31 million during the quarter, compared to the consensus estimate of $310.18 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.4%. Hilltop's dividend payout ratio is currently 32.29%.

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.