Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,649 shares of the financial services provider’s stock after purchasing an additional 1,040 shares during the quarter. Legal & General Group Plc owned 0.21% of Hilltop worth $3,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Hilltop during the fourth quarter worth $3,978,000. Hodges Capital Management Inc. raised its stake in Hilltop by 20.7% during the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock worth $14,959,000 after acquiring an additional 89,724 shares during the period. Barclays PLC lifted its holdings in Hilltop by 112.9% in the third quarter. Barclays PLC now owns 106,619 shares of the financial services provider’s stock worth $3,428,000 after acquiring an additional 56,537 shares during the last quarter. Trexquant Investment LP acquired a new position in Hilltop in the fourth quarter valued at approximately $1,282,000. Finally, Edgestream Partners L.P. bought a new position in shares of Hilltop during the fourth quarter valued at approximately $1,041,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HTH shares. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, February 3rd.

Hilltop Trading Up 1.6 %

HTH opened at $28.78 on Wednesday. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The stock has a market cap of $1.87 billion, a PE ratio of 16.54 and a beta of 1.00. The business’s 50 day moving average is $30.27 and its 200-day moving average is $30.50.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. As a group, analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, February 13th. This is a positive change from Hilltop’s previous quarterly dividend of $0.17. Hilltop’s dividend payout ratio is currently 41.38%.

Hilltop Company 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.