Brandywine Global Investment Management LLC decreased its stake in Hilltop Holdings Inc. (NYSE:HTH) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,480 shares of the financial services provider’s stock after selling 31,642 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.22% of Hilltop worth $5,408,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation acquired a new stake in shares of Hilltop in the third quarter worth $109,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Hilltop in the fourth quarter worth $202,000. Victory Capital Management Inc. grew its stake in shares of Hilltop by 34.7% in the third quarter. Victory Capital Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 2,301 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Hilltop by 81.4% in the third quarter. SG Americas Securities LLC now owns 10,142 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 4,550 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Hilltop in the fourth quarter worth $287,000. Institutional investors and hedge funds own 60.17% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 10th. Stephens cut Hilltop from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 29th. ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $30.00 target price on shares of Hilltop in a research report on Sunday, January 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Hilltop currently has an average rating of “Hold” and a consensus price target of $33.50.
In other news, Director Gerald J. Ford bought 10,000 shares of Hilltop stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is owned by company insiders.
Hilltop Holdings Inc. (HTH) opened at $25.49 on Friday. The company has a market capitalization of $2,420.81, a price-to-earnings ratio of 18.88 and a beta of 1.12. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $28.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 0.85.
Hilltop (NYSE:HTH) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $399.15 million during the quarter, compared to analysts’ expectations of $390.05 million. Hilltop had a return on equity of 8.46% and a net margin of 7.74%. analysts predict that Hilltop Holdings Inc. will post 2.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were given a $0.07 dividend. This is a boost from Hilltop’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 14th. Hilltop’s dividend payout ratio (DPR) is 20.74%.
Hilltop declared that its Board of Directors has initiated a share buyback plan on Thursday, January 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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