Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 54.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,012 shares of the financial services provider’s stock after acquiring an additional 5,613 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hilltop were worth $488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in Hilltop by 827.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,332 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Hilltop during the fourth quarter worth about $193,000. Occudo Quantitative Strategies LP acquired a new position in shares of Hilltop in the fourth quarter valued at approximately $207,000. iSAM Funds UK Ltd acquired a new position in shares of Hilltop in the fourth quarter valued at approximately $212,000. Finally, Benjamin Edwards Inc. raised its position in shares of Hilltop by 4.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,737 shares of the financial services provider’s stock valued at $250,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Price Performance

NYSE:HTH opened at $31.14 on Friday. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a 50 day simple moving average of $30.25 and a 200-day simple moving average of $29.99. The firm has a market cap of $2.00 billion, a PE ratio of 15.81 and a beta of 0.87.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.28 by $0.37. Hilltop had a net margin of 7.87% and a return on equity of 5.79%. The firm had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.72 annualized dividend and a yield of 2.31%. Hilltop’s dividend payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HTH. Raymond James Financial raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th.

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.