UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 22,695 Shares of Hilltop Holdings Inc. (NYSE:HTH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,065 shares of the financial services provider's stock after acquiring an additional 22,695 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Hilltop worth $3,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Hilltop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider's stock worth $154,116,000 after purchasing an additional 32,605 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hilltop by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider's stock valued at $23,654,000 after buying an additional 32,127 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Hilltop by 85.4% during the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after buying an additional 367,564 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Hilltop by 8.8% in the fourth quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock worth $18,449,000 after acquiring an additional 52,227 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Hilltop by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider's stock worth $14,642,000 after acquiring an additional 30,861 shares during the last quarter. Institutional investors own 57.13% of the company's stock.

Hilltop Price Performance

Shares of Hilltop stock traded up $0.47 during trading on Monday, hitting $30.18. 828,392 shares of the company's stock traded hands, compared to its average volume of 354,921. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32. The business has a 50-day simple moving average of $29.46 and a 200-day simple moving average of $30.11. The stock has a market capitalization of $1.94 billion, a P/E ratio of 17.35 and a beta of 0.88.

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

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.39%. Hilltop's payout ratio is 36.55%.

Analyst Upgrades and Downgrades

HTH has been the topic of a number of analyst reports. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th.

About Hilltop

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.