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

Allianz Asset Management GmbH increased its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 64.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 101,484 shares of the financial services provider's stock after buying 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.

Several other large investors also recently bought and sold shares of HTH. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Hilltop during the 1st quarter valued at about $1,552,000. Tectonic Advisors LLC increased its holdings in Hilltop by 20.0% in the 1st quarter. Tectonic Advisors LLC now owns 46,808 shares of the financial services provider's stock worth $1,425,000 after acquiring an additional 7,803 shares in the last quarter. CWM LLC raised its position in shares of Hilltop by 134.4% during the first quarter. CWM LLC now owns 2,811 shares of the financial services provider's stock valued at $86,000 after buying an additional 1,612 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new stake in shares of Hilltop during the first quarter valued at approximately $201,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Hilltop by 0.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 52,735 shares of the financial services provider's stock valued at $1,606,000 after acquiring an additional 418 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HTH shares. Wall Street Zen upgraded Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods lowered their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th.

Hilltop Stock Down 0.2%

HTH traded down $0.06 during trading on Friday, reaching $29.54. The company had a trading volume of 537,442 shares, compared to its average volume of 400,887. The business has a 50 day simple moving average of $30.32 and a 200-day simple moving average of $30.23. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $34.68. The stock has a market cap of $1.86 billion, a P/E ratio of 13.25 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%. The business had revenue of $303.31 million for the quarter, compared to analyst estimates of $310.18 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, 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 Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.4%. Hilltop's dividend payout ratio (DPR) is currently 32.29%.

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.