Invesco Ltd. Has $9.24 Million Stake in Hilltop Holdings Inc. $HTH

Key Points

• Invesco Ltd. reduced its stake in Hilltop Holdings Inc. by 4.6%, owning approximately 303,448 shares worth $9.24 million after selling 14,768 shares in the first quarter.
• Hilltop Holdings recently reported quarterly earnings of $0.57 EPS, exceeding estimates, with a revenue of $303.31 million for the quarter.
• The company announced a $0.18 quarterly dividend scheduled for payment on August 29th, representing a 2.1% yield and a payout ratio of 32.29%.

Invesco Ltd. reduced its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,448 shares of the financial services provider's stock after selling 14,768 shares during the quarter. Invesco Ltd. owned about 0.47% of Hilltop worth $9,240,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hilltop by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 829,412 shares of the financial services provider's stock worth $25,256,000 after purchasing an additional 3,225 shares during the period. Ameriprise Financial Inc. raised its stake in Hilltop by 85.4% in the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after purchasing an additional 367,564 shares during the last quarter. Janus Henderson Group PLC raised its stake in Hilltop by 8.8% in the 4th quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock valued at $18,449,000 after purchasing an additional 52,227 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Hilltop by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 394,524 shares of the financial services provider's stock valued at $11,295,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Hilltop by 2.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 351,528 shares of the financial services provider's stock valued at $10,064,000 after acquiring an additional 9,672 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Trading Up 0.1%

HTH stock traded up $0.04 during trading hours on Thursday, hitting $35.29. 444,756 shares of the stock traded hands, compared to its average volume of 411,274. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.58. The company has a market cap of $2.22 billion, a P/E ratio of 15.83 and a beta of 0.87. The stock has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $30.55.

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, beating 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 company had revenue of $303.31 million for the quarter, compared to analysts' expectations of $310.18 million. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.0%. Hilltop's dividend payout ratio (DPR) is 32.29%.

Insider Transactions at Hilltop

In other news, Chairman Jonathan S. Sobel acquired 10,000 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were bought at an average price of $34.75 per share, with a total value of $347,500.00. Following the acquisition, the chairman owned 107,429 shares of the company's stock, valued at $3,733,157.75. This trade represents a 10.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders purchased 50,000 shares of company stock valued at $1,669,200. Company insiders own 29.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Hilltop from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods decreased their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Hilltop currently has an average rating of "Hold" and a consensus price target of $32.00.

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.