Invesco Ltd. Buys 26,728 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Invesco Ltd. grew its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,216 shares of the financial services provider's stock after purchasing an additional 26,728 shares during the period. Invesco Ltd. owned approximately 0.49% of Hilltop worth $9,111,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HTH. Geode Capital Management LLC lifted its stake in Hilltop by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock valued at $33,991,000 after buying an additional 17,477 shares during the last quarter. Empowered Funds LLC boosted its holdings in Hilltop by 5.1% during the fourth quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock worth $5,712,000 after buying an additional 9,672 shares in the last quarter. Edge Capital Group LLC acquired a new position in Hilltop in the 4th quarter worth approximately $335,000. Entropy Technologies LP acquired a new position in Hilltop in the 4th quarter worth approximately $477,000. Finally, JPMorgan Chase & Co. boosted its stake in Hilltop by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 480,557 shares of the financial services provider's stock worth $15,455,000 after purchasing an additional 15,346 shares during the period. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Stock Performance

NYSE:HTH traded down $0.20 on Tuesday, reaching $28.82. The company's stock had a trading volume of 8,750 shares, compared to its average volume of 338,822. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The business's 50-day moving average price is $30.07 and its two-hundred day moving average price is $30.45. The firm has a market cap of $1.87 billion, a PE ratio of 16.54 and a beta of 1.00.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.28 by $0.37. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. The company had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.50%. 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 research firms have recently weighed in on HTH. Keefe, Bruyette & Woods cut their price target on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a report on Monday, February 3rd. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

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.