Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 116.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 322,583 shares of the financial services provider's stock after acquiring an additional 173,245 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.50% of Hilltop worth $9,236,000 at the end of the most recent reporting period.

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

Hilltop Trading Down 0.5%

Hilltop stock traded down $0.16 during midday trading on Friday, hitting $29.83. 359,624 shares of the stock were exchanged, compared to its average volume of 348,220. The stock's 50-day simple moving average is $29.58 and its 200 day simple moving average is $30.22. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.14 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. The business had revenue of $318.46 million during the quarter, compared to the consensus estimate 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 firm earned $0.42 EPS. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a $0.18 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.41%. Hilltop's dividend payout ratio is currently 36.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. 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 research note on Wednesday, April 30th.

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.