1 week Ago By Defense World Staff
JPMorgan Chase & Co. boosted its holdings in shares of Hilltop Holdings Inc. ( NYSE:HTH – Free Report ) by 6.
4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 511,418 shares of the financial services provider’s stock after buying an additional 30,861 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.79% of Hilltop worth $14,642,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently bought and sold shares of the business.
FMR LLC raised its stake in Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 885 shares during the period.
Sunbelt Securities Inc. acquired a new stake in shares of Hilltop during the 3rd quarter worth about $29,000. Venturi Wealth Management LLC bought a new stake in shares of Hilltop during the 4th quarter worth about $27,000.
KBC Group NV grew its stake in Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,023 shares during the last quarter.
Finally, Inspire Investing LLC raised its holdings in Hilltop by 9.4% in the 4th quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 1,196 shares during the period.
Institutional investors own 57.13% of the company’s stock. Analysts Set New Price Targets A number of equities analysts have recently weighed in on the company.
Keefe, Bruyette & Woods lowered their target price on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research note on Monday, February 3rd.
Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Hilltop Price Performance Shares of NYSE:HTH opened at $27.93 on Friday.
The business’s 50 day simple moving average is $30.78 and its 200 day simple moving average is $30.65.
Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.
32. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.
05 and a beta of 1.00. Hilltop ( NYSE:HTH – Get Free Report ) last released its earnings results on Thursday, January 30th.
The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.
27. Hilltop had a return on equity of 5.18% and a net margin of 7.
04%. On average, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.
51 EPS for the current fiscal year. Hilltop Increases Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.
18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.
58%. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from Hilltop’s previous quarterly dividend of $0.
17. Hilltop’s dividend payout ratio is 41.38%.
About Hilltop ( Free Report ) 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.
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