Hsbc Holdings PLC Buys 58,709 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Hsbc Holdings PLC grew its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 774.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 66,289 shares of the financial services provider's stock after purchasing an additional 58,709 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of Hilltop worth $1,906,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HTH. Vanguard Group Inc. boosted its holdings in shares of Hilltop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider's stock valued at $154,116,000 after acquiring an additional 32,605 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 32,127 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Hilltop by 20.7% during the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock valued at $14,959,000 after purchasing an additional 89,724 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hilltop by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider's stock valued at $14,642,000 after acquiring an additional 30,861 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Hilltop by 5.3% during the fourth quarter. Jennison Associates LLC now owns 454,929 shares of the financial services provider's stock worth $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.

Analysts Set New Price Targets

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

Hilltop Price Performance

Shares of Hilltop stock traded up $0.35 during trading on Wednesday, reaching $30.26. 29,551 shares of the company traded hands, compared to its average volume of 387,800. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a market capitalization of $1.94 billion, a PE ratio of 17.38 and a beta of 0.87. The company has a 50 day moving average price of $29.86 and a 200-day moving average price of $30.36.

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, beating 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 during the quarter, compared to analyst estimates of $290.68 million. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.38%. Hilltop's dividend payout ratio (DPR) is currently 36.55%.

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.