Nuveen LLC Purchases Shares of 123,570 Hilltop Holdings Inc. $HTH

Nuveen LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 123,570 shares of the financial services provider’s stock, valued at approximately $3,763,000. Nuveen LLC owned 0.19% of Hilltop at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC raised its stake in shares of Hilltop by 134.4% during the 1st quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after buying an additional 1,612 shares during the period. KBC Group NV raised its stake in Hilltop by 18.7% in the 1st quarter. KBC Group NV now owns 3,111 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 490 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Hilltop in the 4th quarter valued at $193,000. Garrett Wealth Advisory Group LLC acquired a new position in Hilltop in the 1st quarter valued at $201,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Hilltop in the 4th quarter valued at $207,000. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Price Performance

HTH stock opened at $35.33 on Thursday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 15.84 and a beta of 0.87. The business’s 50-day moving average is $31.26 and its two-hundred day moving average is $30.55. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.58.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. The company had revenue of $303.31 million for the quarter, compared to analyst estimates of $310.18 million. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.During the same quarter last year, the company earned $0.31 EPS. On average, analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Hilltop’s dividend payout ratio (DPR) is 32.29%.

Insider Buying and Selling at Hilltop

In other Hilltop news, Chairman Jonathan S. Sobel bought 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were acquired at an average price of $34.75 per share, with a total value of $347,500.00. Following the transaction, the chairman owned 107,429 shares of the company’s stock, valued at approximately $3,733,157.75. The trade was a 10.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 50,000 shares of company stock worth $1,669,200. 29.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HTH has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen raised Hilltop from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop has an average rating of “Hold” and an average target price of $32.00.

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.