JPMorgan Chase & Co. Buys 30,861 Shares of Hilltop Holdings Inc. (NYSE:HTH)

JPMorgan Chase & Co. boosted its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 511,418 shares of the financial services provider's stock after buying an additional 30,861 shares during the quarter. JPMorgan Chase & Co. owned 0.79% of Hilltop worth $14,642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 valued at $154,116,000 after acquiring an additional 32,605 shares during the period. State Street Corp lifted its stake in shares of Hilltop by 4.4% in the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock worth $82,594,000 after purchasing an additional 107,348 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 worth $33,991,000 after buying an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 period. Finally, Hodges Capital Management Inc. increased its holdings in 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 buying an additional 89,724 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Hilltop Stock Performance

Shares of Hilltop stock traded down $0.09 during trading hours on Thursday, hitting $28.52. The company's stock had a trading volume of 43,554 shares, compared to its average volume of 338,914. The business has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $30.59. The company has a market cap of $1.85 billion, a PE ratio of 16.39 and a beta of 1.00. 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 announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. As a group, research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from Hilltop's previous quarterly dividend of $0.17. Hilltop's dividend payout ratio is 41.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James raised 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 $35.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday, February 3rd.

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.