UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,065 shares of the financial services provider's stock after buying an additional 22,695 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Hilltop worth $3,151,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Voloridge Investment Management LLC grew its position in shares of Hilltop by 42.8% in the 4th quarter. Voloridge Investment Management LLC now owns 206,527 shares of the financial services provider's stock worth $5,913,000 after buying an additional 61,932 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Hilltop in the 4th quarter worth approximately $212,000. Squarepoint Ops LLC raised its holdings in shares of Hilltop by 215.4% during the 4th quarter. Squarepoint Ops LLC now owns 88,743 shares of the financial services provider's stock worth $2,541,000 after acquiring an additional 60,609 shares in the last quarter. Two Sigma Advisers LP grew its position in Hilltop by 23.8% in the 4th quarter. Two Sigma Advisers LP now owns 104,100 shares of the financial services provider's stock valued at $2,980,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Hilltop by 14.4% during the fourth quarter. Two Sigma Investments LP now owns 236,256 shares of the financial services provider's stock valued at $6,764,000 after purchasing an additional 29,720 shares in the last quarter. Institutional investors own 57.13% of the company's stock.
Hilltop Trading Down 0.6%
Shares of HTH stock opened at $29.27 on Friday. The firm has a 50-day moving average price of $29.47 and a 200 day moving average price of $30.15. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.82 and a beta of 0.88.
Hilltop (NYSE:HTH - Get Free Report) last released 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 firm had revenue of $318.46 million for 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 in the previous year, the firm posted $0.42 EPS. As a group, research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.
Hilltop Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.
Get Our Latest Stock Report on Hilltop
Hilltop Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hilltop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilltop wasn't on the list.
While Hilltop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
