Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 44.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 412,810 shares of the financial services provider's stock after selling 326,050 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.64% of Hilltop worth $12,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HTH. Sterling Capital Management LLC grew its position in Hilltop by 827.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,332 shares during the last quarter. KBC Group NV grew its position in Hilltop by 18.7% during the 1st quarter. KBC Group NV now owns 3,111 shares of the financial services provider's stock worth $95,000 after purchasing an additional 490 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Hilltop during the 4th quarter worth $193,000. Occudo Quantitative Strategies LP purchased a new position in Hilltop during the 4th quarter worth $207,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Hilltop in the fourth quarter valued at about $212,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Stock Down 0.8%

Shares of NYSE HTH traded down $0.24 during midday trading on Thursday, hitting $31.12. The company had a trading volume of 34,761 shares, compared to its average volume of 398,382. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.21. The business has a 50-day simple moving average of $30.37 and a two-hundred day simple moving average of $30.13. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.78 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.87% and a return on equity of 5.79%. The firm had revenue of $318.46 million during the quarter, compared to analysts' expectations of $290.68 million. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently announced 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. This represents a $0.72 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HTH shares. Keefe, Bruyette & Woods lowered their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Hilltop from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Finally, Raymond James Financial raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

Hilltop Company 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.