Vanguard Group Inc. Has $145.60 Million Position in Hilltop Holdings Inc. (NYSE:HTH)

Vanguard Group Inc. trimmed its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,133,871 shares of the financial services provider's stock after selling 53,352 shares during the period. Vanguard Group Inc. owned about 7.88% of Hilltop worth $145,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HTH. North Reef Capital Management LP lifted its position in Hilltop by 46.9% during the third quarter. North Reef Capital Management LP now owns 2,525,000 shares of the financial services provider's stock valued at $71,609,000 after buying an additional 806,091 shares in the last quarter. Norges Bank purchased a new stake in shares of Hilltop during the fourth quarter valued at approximately $15,124,000. Goldman Sachs Group Inc. raised its stake in shares of Hilltop by 197.2% during the first quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider's stock valued at $22,094,000 after purchasing an additional 498,672 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Hilltop by 523.1% during the third quarter. Assenagon Asset Management S.A. now owns 551,596 shares of the financial services provider's stock valued at $15,643,000 after purchasing an additional 463,071 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Hilltop by 111.4% during the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider's stock valued at $18,776,000 after purchasing an additional 371,133 shares during the period. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Stock Performance

Shares of HTH traded down $0.58 during midday trading on Tuesday, hitting $30.54. 216,107 shares of the stock traded hands, compared to its average volume of 320,778. Hilltop Holdings Inc. has a 1-year low of $26.78 and a 1-year high of $35.66. The firm has a market capitalization of $1.99 billion, a PE ratio of 18.07 and a beta of 1.12. The business's 50 day moving average price is $31.10 and its two-hundred day moving average price is $30.87.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $290.20 million during the quarter, compared to the consensus estimate of $296.89 million. Hilltop had a net margin of 7.00% and a return on equity of 5.20%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, equities research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.23%. This is an increase from Hilltop's previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 9th. Hilltop's dividend payout ratio is presently 40.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HTH. TheStreet lowered shares of Hilltop from a "b-" rating to a "c+" rating in a research note on Wednesday, March 13th. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a research note on Friday, January 5th.

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the sale, the director now directly owns 13,776 shares of the company's stock, valued at approximately $435,734.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the sale, the chief executive officer now owns 98,934 shares in the company, valued at approximately $3,050,135.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Hill A. Feinberg sold 3,000 shares of the business's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares in the company, valued at approximately $435,734.88. The disclosure for this sale can be found here. 28.90% of the stock is owned by corporate insiders.

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.