Handelsbanken Fonder AB Buys 500 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Handelsbanken Fonder AB increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,446 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Handelsbanken Fonder AB’s holdings in Hilltop were worth $473,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. North Reef Capital Management LP boosted its holdings in shares of 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 worth $71,609,000 after acquiring an additional 806,091 shares during the period. Assenagon Asset Management S.A. boosted its holdings 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 worth $15,643,000 after acquiring an additional 463,071 shares during the period. First Dallas Securities Inc. bought a new stake in shares of Hilltop during the third quarter worth approximately $5,672,000. Keeley Teton Advisors LLC boosted its holdings in shares of Hilltop by 126.6% during the third quarter. Keeley Teton Advisors LLC now owns 107,522 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 60,065 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Hilltop during the third quarter worth approximately $1,385,000. Institutional investors own 57.13% of the company’s stock.

Hilltop Price Performance

Shares of HTH opened at $30.15 on Thursday. The firm has a 50 day simple moving average of $30.40 and a two-hundred day simple moving average of $31.08. The company has a market cap of $1.97 billion, a P/E ratio of 17.63 and a beta of 1.12. Hilltop Holdings Inc. has a one year low of $26.78 and a one year high of $35.66.

Hilltop (NYSE:HTH) last posted its earnings results on Friday, April 19th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $285.24 million for the quarter, compared to analysts’ expectations of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.24%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, analysts expect that Hilltop Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 2.26%. Hilltop’s dividend payout ratio is 39.77%.

Insider Buying and Selling

In related news, Director Hill A. Feinberg sold 3,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were 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 of the company’s stock, valued at $435,734.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Martin Bradley Winges sold 30,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the transaction, the chief executive officer now owns 98,934 shares in the company, valued at $3,050,135.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $94,890.00. Following the transaction, 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 currently owned by insiders.

Analysts Set New Price Targets

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

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.