Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,598 shares of the financial services provider’s stock after purchasing an additional 5,400 shares during the quarter. Royce & Associates LP’s holdings in Hilltop were worth $6,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Hilltop during the 3rd quarter valued at $29,000. Venturi Wealth Management LLC purchased a new stake in shares of Hilltop in the fourth quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop during the third quarter valued at $49,000. KBC Group NV increased its position in Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,023 shares in the last quarter. Finally, FMR LLC raised its stake in Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 885 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HTH has been the topic of several analyst reports. Raymond James downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods lowered their target price on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a research note on Monday, February 3rd.

Hilltop Price Performance

HTH opened at $30.83 on Wednesday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.72 and a beta of 1.14. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The business has a 50-day moving average of $30.47 and a two-hundred day moving average of $30.99.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. Equities research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Thursday, February 13th. This is an increase from Hilltop’s previous quarterly dividend of $0.17. Hilltop’s payout ratio is 41.38%.

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.