Janus Henderson Group PLC boosted its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 644,365 shares of the financial services provider's stock after purchasing an additional 52,227 shares during the period. Janus Henderson Group PLC owned approximately 0.99% of Hilltop worth $18,449,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of HTH. Barclays PLC lifted its position in shares of Hilltop by 112.9% during the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider's stock valued at $3,428,000 after acquiring an additional 56,537 shares during the last quarter. Monument Group Wealth Advisors LLC acquired a new stake in shares of Hilltop during the 4th quarter valued at $331,000. Inspire Investing LLC lifted its position in shares of Hilltop by 9.4% during the 4th quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 1,196 shares during the last quarter. KBC Group NV lifted its position in shares of Hilltop by 64.0% during 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 last quarter. Finally, Jennison Associates LLC lifted its position in shares of Hilltop by 5.3% during the 4th quarter. Jennison Associates LLC now owns 454,929 shares of the financial services provider's stock valued at $13,025,000 after acquiring an additional 22,704 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.
Hilltop Stock Up 0.9%
HTH opened at $30.95 on Friday. The stock has a fifty day moving average of $29.71 and a 200-day moving average of $30.36. The firm has a market capitalization of $1.99 billion, a P/E ratio of 17.79 and a beta of 0.87. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.
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 for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The business had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same period in the prior year, the business posted $0.42 earnings per share. On average, analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.
Hilltop Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop's dividend payout ratio (DPR) is presently 36.55%.
Analyst Ratings Changes
A number of brokerages have recently commented on HTH. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th.
Read Our Latest Stock Analysis on HTH
Hilltop Company 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
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