Millennium Management LLC Buys 31,076 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Millennium Management LLC increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,098 shares of the financial services provider's stock after acquiring an additional 31,076 shares during the period. Millennium Management LLC owned about 0.21% of Hilltop worth $3,925,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its position in shares of Hilltop by 4.8% in the 4th quarter. Benjamin Edwards Inc. now owns 8,737 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 397 shares during the period. Venturi Wealth Management LLC acquired a new position in Hilltop during the fourth quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hilltop by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,484 shares of the financial services provider's stock valued at $758,000 after buying an additional 989 shares during the period. KBC Group NV raised its stake in Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock valued at $75,000 after buying an additional 1,023 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Hilltop by 0.8% in the fourth quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider's stock valued at $3,855,000 after buying an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

Hilltop Trading Up 1.1%

HTH stock traded up $0.33 during trading hours on Tuesday, hitting $29.79. 461,413 shares of the stock were exchanged, compared to its average volume of 350,449. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The firm has a market capitalization of $1.91 billion, a P/E ratio of 17.12 and a beta of 0.87. The company has a 50-day simple moving average of $29.52 and a two-hundred day simple moving average of $30.17.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.37. The business had revenue of $318.46 million for the quarter, compared to analyst estimates of $290.68 million. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. During the same quarter last year, the business posted $0.42 EPS. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. Hilltop's dividend payout ratio is 36.55%.

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.