Invesco Ltd. Acquires 26,728 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Invesco Ltd. raised its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,216 shares of the financial services provider’s stock after purchasing an additional 26,728 shares during the quarter. Invesco Ltd. owned 0.49% of Hilltop worth $9,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HTH. Venturi Wealth Management LLC acquired a new position in shares of Hilltop in the 4th quarter valued at $27,000. KBC Group NV grew its holdings in Hilltop by 64.0% during the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,023 shares during the period. Olympiad Research LP acquired a new position in Hilltop in the 4th quarter valued at about $210,000. Inceptionr LLC bought a new position in Hilltop during the fourth quarter worth about $220,000. Finally, EntryPoint Capital LLC acquired a new position in Hilltop in the fourth quarter valued at about $294,000. 57.13% of the stock is owned by institutional investors.

Hilltop Price Performance

Hilltop stock opened at $28.95 on Thursday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 16.64 and a beta of 1.00. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.32. The business has a fifty day moving average price of $30.22 and a 200-day moving average price of $30.49.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, topping 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%. Sell-side analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.49%. 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 41.38%.

Analyst Ratings Changes

HTH has been the topic of a number of recent research reports. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, February 3rd.

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.