Assenagon Asset Management S.A. Has $2.22 Million Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Assenagon Asset Management S.A. lowered its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 32.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,762 shares of the financial services provider’s stock after selling 34,164 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Hilltop worth $2,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Hilltop by 182.9% in the 1st quarter. SG Americas Securities LLC now owns 11,623 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 7,515 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Hilltop by 19.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 16,083 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 2,651 shares during the last quarter. GAMMA Investing LLC raised its holdings in Hilltop by 4,242.6% during the 1st quarter. GAMMA Investing LLC now owns 17,631 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 17,225 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hilltop by 26.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 110,065 shares of the financial services provider’s stock valued at $3,151,000 after acquiring an additional 22,695 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in Hilltop by 42.8% during the 4th quarter. Voloridge Investment Management LLC now owns 206,527 shares of the financial services provider’s stock valued at $5,913,000 after purchasing an additional 61,932 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Trading Down 0.4%

HTH opened at $29.46 on Tuesday. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32. The stock has a fifty day simple moving average of $29.62 and a two-hundred day simple moving average of $30.03. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 16.93 and a beta of 0.88.

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

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.44%. Hilltop’s payout ratio is presently 36.55%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HTH shares. Raymond James raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective 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.

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.