Hsbc Holdings PLC Increases Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Hsbc Holdings PLC grew its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 774.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,289 shares of the financial services provider's stock after buying an additional 58,709 shares during the period. Hsbc Holdings PLC owned 0.10% of Hilltop worth $1,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HTH. Venturi Wealth Management LLC purchased a new position in shares of Hilltop during the fourth quarter worth about $27,000. KBC Group NV increased its position in Hilltop by 64.0% during the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after buying an additional 1,023 shares during the period. Legal & General Group Plc lifted its stake in Hilltop by 0.8% in the fourth quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider's stock valued at $3,855,000 after buying an additional 1,040 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Hilltop by 9.4% in the fourth 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 period. Finally, Sterling Capital Management LLC raised its position in Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,332 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday.

Hilltop Trading Up 0.7 %

Shares of HTH opened at $29.73 on Friday. The firm has a market capitalization of $1.93 billion, a PE ratio of 17.09 and a beta of 1.00. The stock's 50 day moving average is $29.97 and its two-hundred day moving average is $30.42. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.28 by $0.37. The company had revenue of $318.46 million for 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 firm earned $0.42 EPS. On average, sell-side analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.

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.

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