American Century Companies Inc. Reduces Holdings in Hilltop Holdings Inc. $HTH

American Century Companies Inc. decreased its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,539 shares of the financial services provider’s stock after selling 16,574 shares during the quarter. American Century Companies Inc. owned 0.64% of Hilltop worth $12,501,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Hilltop by 26.6% during the first quarter. Russell Investments Group Ltd. now owns 48,434 shares of the financial services provider’s stock valued at $1,475,000 after purchasing an additional 10,183 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Hilltop by 27.0% during the first quarter. Public Sector Pension Investment Board now owns 146,013 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 31,060 shares in the last quarter. SouthState Corp purchased a new position in Hilltop during the first quarter valued at approximately $56,000. Nuveen LLC purchased a new position in Hilltop during the first quarter valued at approximately $3,763,000. Finally, King Luther Capital Management Corp lifted its holdings in Hilltop by 0.8% during the first quarter. King Luther Capital Management Corp now owns 129,549 shares of the financial services provider’s stock valued at $3,945,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Shares of HTH opened at $34.5970 on Tuesday. The company’s fifty day moving average is $31.02 and its 200 day moving average is $30.49. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $34.91. The stock has a market capitalization of $2.18 billion, a PE ratio of 15.51 and a beta of 0.87.

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

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. Hilltop’s payout ratio is 32.29%.

Insiders Place Their Bets

In other news, Chairman Jonathan S. Sobel acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were acquired at an average price of $32.93 per share, for a total transaction of $329,300.00. Following the completion of the transaction, the chairman directly owned 77,429 shares of the company’s stock, valued at approximately $2,549,736.97. The trade was a 14.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 30,000 shares of company stock worth $976,000 in the last quarter. Insiders own 29.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HTH shares. Keefe, Bruyette & Woods reduced 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. Wall Street Zen upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Hilltop currently has an average rating of “Hold” and an average price target of $32.00.

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.