KLP Kapitalforvaltning AS Buys Shares of 10,400 Hilltop Holdings Inc. (NYSE:HTH)

KLP Kapitalforvaltning AS bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 10,400 shares of the financial services provider's stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC grew its position in Hilltop by 53.1% in the third quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock valued at $2,280,000 after acquiring an additional 24,591 shares in the last quarter. State Street Corp grew its holdings in Hilltop by 4.4% during the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock valued at $82,594,000 after purchasing an additional 107,348 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hilltop by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock valued at $33,991,000 after purchasing an additional 17,477 shares in the last quarter. Empowered Funds LLC lifted its holdings in Hilltop by 5.1% in the 4th 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. Finally, Edge Capital Group LLC acquired a new position in Hilltop in the 4th quarter worth $335,000. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Trading Down 0.4 %

Hilltop stock traded down $0.11 during midday trading on Friday, hitting $27.93. The stock had a trading volume of 373,583 shares, compared to its average volume of 338,389. The business has a fifty day moving average price of $30.78 and a 200 day moving average price of $30.65. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The stock has a market cap of $1.81 billion, a P/E ratio of 16.05 and a beta of 1.00.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a $0.18 dividend. This is an increase from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, February 13th. Hilltop's payout ratio is presently 41.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research report on Monday, February 3rd. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

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.