Northern Trust Corp Has $16.52 Million Stake in Hilltop Holdings Inc. (NYSE:HTH)

Northern Trust Corp trimmed its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 576,881 shares of the financial services provider's stock after selling 240,443 shares during the period. Northern Trust Corp owned 0.89% of Hilltop worth $16,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Hilltop during the fourth quarter worth about $3,978,000. Hodges Capital Management Inc. boosted its stake in shares of Hilltop by 20.7% in 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 during the period. Tudor Investment Corp ET AL boosted its stake in shares of Hilltop by 98.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock valued at $3,930,000 after purchasing an additional 68,276 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Hilltop by 774.5% in the fourth quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider's stock valued at $1,906,000 after purchasing an additional 58,709 shares during the period. Finally, Barclays PLC boosted its stake in shares of Hilltop by 112.9% in the third quarter. Barclays PLC now owns 106,619 shares of the financial services provider's stock valued at $3,428,000 after purchasing an additional 56,537 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HTH. Keefe, Bruyette & Woods lowered 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 note on Wednesday, April 30th. Raymond James raised shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

Hilltop Trading Down 0.4%

Shares of Hilltop stock traded down $0.13 during trading on Tuesday, reaching $30.68. The company's stock had a trading volume of 19,197 shares, compared to its average volume of 343,576. The firm has a market cap of $1.97 billion, a PE ratio of 17.62 and a beta of 0.87. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The company has a 50-day moving average price of $29.73 and a two-hundred day moving average price of $30.35.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.37. The business had revenue of $318.46 million for the quarter, compared to analysts' expectations 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 business earned $0.42 earnings per share. On average, analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared 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. 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 2.35%. Hilltop's dividend payout ratio is currently 36.55%.

Hilltop 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.