Campbell & CO Investment Adviser LLC Invests $638,000 in Hilltop Holdings Inc. (NYSE:HTH)

Campbell & CO Investment Adviser LLC acquired a new position in Hilltop Holdings Inc. (NYSE:HTHFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,130 shares of the financial services provider’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Hilltop by 11.6% during the 3rd quarter. Victory Capital Management Inc. now owns 48,248 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 5,024 shares during the last quarter. Swiss National Bank grew its position in Hilltop by 1.5% during the 3rd quarter. Swiss National Bank now owns 107,200 shares of the financial services provider’s stock worth $3,040,000 after purchasing an additional 1,600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Hilltop by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 691,159 shares of the financial services provider’s stock worth $19,601,000 after purchasing an additional 19,910 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Hilltop by 2.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,773 shares of the financial services provider’s stock worth $1,638,000 after purchasing an additional 1,647 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Hilltop during the 3rd quarter worth approximately $1,385,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Read Our Latest Analysis on HTH

Hilltop Price Performance

HTH stock opened at $30.29 on Friday. The firm’s fifty day simple moving average is $30.63 and its 200-day simple moving average is $31.53. The company has a market capitalization of $1.98 billion, a P/E ratio of 17.71 and a beta of 1.12. Hilltop Holdings Inc. has a 12 month low of $26.78 and a 12 month high of $35.66.

Hilltop (NYSE:HTHGet Free Report) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $285.24 million for the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.24%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.31 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Thursday, May 9th. Hilltop’s dividend payout ratio (DPR) is currently 39.77%.

Hilltop Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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