123,570 Shares in Hilltop Holdings Inc. $HTH Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Hilltop Holdings Inc., purchasing 123,570 shares valued at approximately $3.76 million, representing 0.19% ownership by the end of the most recent quarter.
• Hilltop reported a quarterly earnings per share (EPS) of $0.57, surpassing analysts' estimates, while also announcing a quarterly dividend of $0.18 per share.
• Hilltop's stock has been rated as a "Hold" by multiple analysts, with an average target price of $32.00, reflecting mixed sentiment among market watchers.

Nuveen LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 123,570 shares of the financial services provider's stock, valued at approximately $3,763,000. Nuveen LLC owned approximately 0.19% of Hilltop as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Hilltop by 4,242.6% in the first quarter. GAMMA Investing LLC now owns 17,631 shares of the financial services provider's stock valued at $579,000 after buying an additional 17,225 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Hilltop by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,012 shares of the financial services provider's stock valued at $488,000 after buying an additional 5,613 shares in the last quarter. KBC Group NV lifted its stake in Hilltop by 18.7% in the first quarter. KBC Group NV now owns 3,111 shares of the financial services provider's stock valued at $95,000 after buying an additional 490 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Hilltop in the first quarter valued at approximately $491,000. Finally, Deutsche Bank AG lifted its stake in Hilltop by 26.1% in the fourth quarter. Deutsche Bank AG now owns 68,768 shares of the financial services provider's stock valued at $1,969,000 after buying an additional 14,215 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Jonathan S. Sobel acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $35.36 per share, with a total value of $353,600.00. Following the completion of the transaction, the chairman directly owned 127,429 shares of the company's stock, valued at $4,505,889.44. This trade represents a 8.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 60,000 shares of company stock worth $2,022,800 over the last three months. Corporate insiders own 29.90% of the company's stock.

Hilltop Stock Performance

Shares of HTH stock traded down $0.08 on Monday, hitting $35.12. The company's stock had a trading volume of 637,443 shares, compared to its average volume of 497,945. The stock's 50 day moving average is $31.49 and its 200-day moving average is $30.58. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.63. The company has a market capitalization of $2.21 billion, a PE ratio of 15.75 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.57 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 for the quarter, compared to the consensus estimate of $310.18 million. During the same period in the prior year, the company posted $0.31 earnings per share. On average, research analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.1%. Hilltop's dividend payout ratio is currently 32.29%.

Wall Street Analyst Weigh In

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

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.