16,114 Shares in Hilltop Holdings Inc. (NYSE:HTH) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,114 shares of the financial services provider’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HTH. KBC Group NV lifted its stake in shares of Hilltop by 18.7% in the first quarter. KBC Group NV now owns 3,111 shares of the financial services provider’s stock worth $95,000 after buying an additional 490 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Hilltop by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,012 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 5,613 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Hilltop by 2.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 24,552 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 495 shares in the last quarter. SG Americas Securities LLC increased its holdings 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 worth $354,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Hilltop by 19.7% in the first 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. 57.13% of the stock is currently owned by institutional investors.

Hilltop Trading Up 1.1%

Shares of HTH opened at $30.60 on Thursday. The firm has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $30.03. The firm has a market cap of $1.96 billion, a PE ratio of 15.53 and a beta of 0.87. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32.

Hilltop (NYSE:HTH) last issued its quarterly earnings data 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 return on equity of 5.79% and a net margin of 7.87%. The company had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 8th. Hilltop’s payout ratio is 36.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on 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 Financial upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

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.