Charles Schwab Investment Management Inc. Raises Stock Holdings in Hilltop Holdings Inc. $HTH

Charles Schwab Investment Management Inc. raised its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829,412 shares of the financial services provider’s stock after acquiring an additional 3,225 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.29% of Hilltop worth $25,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. XTX Topco Ltd raised its holdings in shares of Hilltop by 97.6% during the 1st quarter. XTX Topco Ltd now owns 23,115 shares of the financial services provider’s stock worth $704,000 after acquiring an additional 11,416 shares in the last quarter. Madison Asset Management LLC purchased a new stake in Hilltop during the 1st quarter valued at $213,000. Allianz Asset Management GmbH raised its holdings in Hilltop by 64.6% during the 1st quarter. Allianz Asset Management GmbH now owns 101,484 shares of the financial services provider’s stock valued at $3,090,000 after buying an additional 39,837 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in Hilltop during the 1st quarter valued at $1,552,000. Finally, Tectonic Advisors LLC raised its holdings in Hilltop by 20.0% during the 1st quarter. Tectonic Advisors LLC now owns 46,808 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 7,803 shares during the period. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HTH has been the topic of several recent research reports. Wall Street Zen upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods decreased their price target on Hilltop from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hilltop currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Hilltop Stock Up 0.2%

Shares of Hilltop stock opened at $33.0020 on Thursday. The stock’s fifty day moving average is $30.76 and its two-hundred day moving average is $30.45. The company has a market capitalization of $2.08 billion, a PE ratio of 14.80 and a beta of 0.87. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $34.68.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.41 by $0.16. The company had revenue of $303.31 million for the quarter, compared to the consensus estimate of $310.18 million. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.During the same quarter in the prior year, the company posted $0.31 EPS. As a group, research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.2%. Hilltop’s dividend payout ratio (DPR) is currently 32.29%.

Insider Activity at Hilltop

In other news, Chairman Jonathan S. Sobel purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $31.97 per share, for a total transaction of $319,700.00. Following the completion of the purchase, the chairman owned 57,429 shares in the company, valued at approximately $1,836,005.13. This represents a 21.08% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 29.90% of the company’s stock.

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.