California State Teachers Retirement System Sells 732 Shares of Hilltop Holdings Inc. (NYSE:HTH)

California State Teachers Retirement System decreased its position in Hilltop Holdings Inc. (NYSE:HTH) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,412 shares of the financial services provider’s stock after selling 732 shares during the quarter. California State Teachers Retirement System owned 0.07% of Hilltop worth $1,300,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Hilltop during the 4th quarter worth about $27,000. Sterling Capital Management LLC lifted its position in Hilltop by 827.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,332 shares in the last quarter. KBC Group NV lifted its position in Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,023 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Hilltop during the 4th quarter worth about $193,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Hilltop during the 4th quarter worth about $207,000. Institutional investors own 57.13% of the company’s stock.

Hilltop Trading Up 1.6%

Hilltop stock opened at $30.18 on Tuesday. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32. The company has a market cap of $1.94 billion, a PE ratio of 17.35 and a beta of 0.88. The company’s 50-day moving average is $29.45 and its two-hundred day moving average is $30.10.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same period in the prior year, the company posted $0.42 EPS. Research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.39%. Hilltop’s payout ratio is presently 36.55%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HTH. Keefe, Bruyette & Woods reduced their price target on shares of Hilltop from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.

Hilltop 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.