Hilltop Holdings Inc. (NYSE:HTH) Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,375 shares of the financial services provider’s stock after selling 768 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hilltop were worth $334,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HTH. BNP Paribas Financial Markets boosted its stake in Hilltop by 72.6% in the 1st quarter. BNP Paribas Financial Markets now owns 23,349 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 9,824 shares during the period. Texas Permanent School Fund Corp boosted its stake in Hilltop by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 514 shares during the period. Duality Advisers LP acquired a new position in Hilltop in the 1st quarter worth approximately $275,000. Quantbot Technologies LP acquired a new position in Hilltop in the 1st quarter worth approximately $520,000. Finally, Empowered Funds LLC acquired a new position in Hilltop in the 1st quarter worth approximately $1,112,000. 57.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HTH shares. Stephens raised their price objective on shares of Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their target price on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.50.

Insider Activity

In other news, Director Hill A. Feinberg sold 17,157 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the transaction, the director now owns 544,979 shares in the company, valued at approximately $17,978,857.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.30% of the stock is owned by insiders.

Hilltop Stock Up 0.1 %

Shares of NYSE:HTH opened at $30.66 on Friday. The firm has a fifty day moving average of $31.75 and a two-hundred day moving average of $31.31. The firm has a market capitalization of $1.99 billion, a P/E ratio of 18.81 and a beta of 1.13. Hilltop Holdings Inc. has a 12-month low of $28.11 and a 12-month high of $35.66.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same quarter last year, the firm earned $0.57 EPS. Equities research analysts expect that Hilltop Holdings Inc. will post 1.39 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.22%. Hilltop’s dividend payout ratio is currently 41.72%.

About Hilltop

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.