Empowered Funds LLC Grows Stock Holdings in Hilltop Holdings Inc. $HTH

Key Points

• Empowered Funds LLC increased its stake in Hilltop Holdings Inc. by 13.0%, owning approximately 0.35% of the company worth $6.86 million after acquiring additional shares.
• Hilltop Holdings reported $0.57 EPS for the last quarter, exceeding the consensus estimate of $0.41, and had a revenue of $303.31 million.
• The company declared a quarterly dividend of $0.18, yielding 2.1%, with a dividend payout ratio of 32.29%.

Empowered Funds LLC increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 13.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 225,413 shares of the financial services provider's stock after purchasing an additional 25,885 shares during the period. Empowered Funds LLC owned 0.35% of Hilltop worth $6,864,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Hilltop by 85.4% during the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after buying an additional 367,564 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Hilltop by 19.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 345,549 shares of the financial services provider's stock valued at $9,893,000 after acquiring an additional 57,429 shares in the last quarter. Deutsche Bank AG grew its stake in Hilltop by 26.1% during the fourth quarter. Deutsche Bank AG now owns 68,768 shares of the financial services provider's stock valued at $1,969,000 after acquiring an additional 14,215 shares in the last quarter. Janus Henderson Group PLC increased 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 acquiring an additional 52,227 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hilltop by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,484 shares of the financial services provider's stock worth $758,000 after purchasing an additional 989 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Performance

NYSE:HTH traded down $0.30 during trading hours on Friday, reaching $34.70. The company's stock had a trading volume of 314,440 shares, compared to its average volume of 432,672. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.56 and a beta of 0.88. The firm has a 50-day simple moving average of $32.35 and a 200-day simple moving average of $30.83. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.16. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. The business had revenue of $303.31 million during the quarter, compared to analyst estimates of $310.18 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, August 15th. Hilltop's dividend payout ratio (DPR) is presently 32.29%.

Insider Buying and Selling

In related news, Chairman Jonathan S. Sobel purchased 10,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were acquired at an average cost of $35.36 per share, with a total value of $353,600.00. Following the purchase, the chairman directly owned 127,429 shares of the company's stock, valued at approximately $4,505,889.44. This trade represents a 8.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders purchased 60,000 shares of company stock valued at $2,022,800. 29.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Hilltop from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hilltop currently has a consensus rating of "Hold" and a consensus price target of $32.00.

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.