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

Royce & Associates LP lifted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,598 shares of the financial services provider’s stock after buying an additional 5,400 shares during the period. Royce & Associates LP owned approximately 0.36% of Hilltop worth $6,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Hilltop during the 3rd quarter valued at approximately $29,000. Venturi Wealth Management LLC acquired a new position in shares of Hilltop in the fourth quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hilltop during the third quarter worth approximately $49,000. KBC Group NV lifted its holdings in shares of Hilltop by 64.0% during the fourth 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 during the period. Finally, FMR LLC grew its position 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 buying an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Hilltop stock opened at $30.83 on Wednesday. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.32. The company has a market cap of $2.00 billion, a P/E ratio of 17.72 and a beta of 1.14. The business has a fifty day moving average of $30.47 and a two-hundred day moving average of $30.99.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 EPS 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%. Sell-side analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on HTH shares. Raymond James downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a research report 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.