Rafferty Asset Management LLC Buys 23,399 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Rafferty Asset Management LLC grew its stake in shares of Hilltop Holdings Inc. (NYSE:HTHFree Report) by 49.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,428 shares of the financial services provider’s stock after buying an additional 23,399 shares during the period. Rafferty Asset Management LLC owned 0.11% of Hilltop worth $2,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTH. North Reef Capital Management LP boosted its stake in 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 valued at $71,609,000 after buying an additional 806,091 shares during the period. First Dallas Securities Inc. purchased a new position in shares of Hilltop during the third quarter worth about $5,672,000. QRG Capital Management Inc. bought a new position in shares of Hilltop in the third quarter worth approximately $1,385,000. King Luther Capital Management Corp raised its stake in Hilltop by 86.2% in the fourth quarter. King Luther Capital Management Corp now owns 81,082 shares of the financial services provider’s stock valued at $2,855,000 after purchasing an additional 37,540 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Hilltop during the fourth quarter valued at approximately $1,080,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on HTH

Hilltop Trading Down 0.1 %

Shares of Hilltop stock opened at $30.28 on Monday. The firm has a market capitalization of $1.98 billion, a PE 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. The business’s 50-day moving average price is $30.61 and its 200-day moving average price is $31.55.

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

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.25%. Hilltop’s payout ratio is 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.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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