M&T Bank Corp decreased its stake in Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 59.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,307 shares of the financial services provider’s stock after selling 13,653 shares during the quarter. M&T Bank Corp’s holdings in Hilltop were worth $69,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in Hilltop by 12.7% in the 4th quarter. New York Life Investment Management LLC now owns 19,295 shares of the financial services provider’s stock worth $579,000 after buying an additional 2,175 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Hilltop during the 4th quarter valued at $233,000. Envestnet Asset Management Inc. raised its holdings in shares of Hilltop by 1.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,501 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 412 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Hilltop during the 3rd quarter valued at $2,674,000. Finally, Quadrature Capital Ltd bought a new position in shares of Hilltop during the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 79.46% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Hilltop in a report on Thursday, May 18th. They set a “hold” rating on the stock. Stephens restated an “equal weight” rating and set a $33.00 price target on shares of Hilltop in a report on Friday, April 21st.
Insiders Place Their Bets
Hilltop Trading Up 4.1 %
NYSE:HTH opened at $32.23 on Wednesday. Hilltop Holdings Inc. has a 1 year low of $24.18 and a 1 year high of $34.87. The firm’s fifty day simple moving average is $30.19 and its 200 day simple moving average is $30.64. The firm has a market capitalization of $2.10 billion, a PE ratio of 18.52 and a beta of 1.05.
Hilltop (NYSE:HTH – Get Rating) last posted its earnings results on Friday, April 21st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Hilltop had a net margin of 8.09% and a return on equity of 5.65%. The business had revenue of $353.92 million for the quarter, compared to analyst estimates of $277.55 million. During the same period last year, the business posted $0.28 EPS. As a group, analysts anticipate that Hilltop Holdings Inc. will post 1.69 EPS for the current fiscal year.
Hilltop Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Wednesday, May 10th were given a $0.16 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $0.64 annualized dividend and a yield of 1.99%. Hilltop’s dividend payout ratio is 36.78%.
About Hilltop
Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.
Featured Articles
- Get a free copy of the StockNews.com research report on Hilltop (HTH)
- Shopify Soars 6% On Logistics Sale; EPS Forecast To Grow 715%
- Gevo’s Cash Flow, Small Cap Buying Back Shares
- Tesla: How and Why It Gets To $300
- Is American Airlines a Good Stock to Buy?
- High Dividend REITs: Are They an Ideal Way to Diversify?
Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.
