Arizona State Retirement System trimmed its position in shares of Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,075 shares of the financial services provider’s stock after selling 399 shares during the quarter. Arizona State Retirement System’s holdings in Hilltop were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in HTH. Westwood Holdings Group Inc. raised its holdings in Hilltop by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider’s stock worth $32,783,000 after purchasing an additional 208,314 shares during the period. AlphaCrest Capital Management LLC boosted its holdings in shares of Hilltop by 1,947.7% during the 4th quarter. AlphaCrest Capital Management LLC now owns 149,995 shares of the financial services provider’s stock worth $5,271,000 after buying an additional 142,670 shares during the period. Intrepid Capital Management Inc. bought a new stake in shares of Hilltop during the 4th quarter worth about $3,459,000. Assenagon Asset Management S.A. raised its stake in Hilltop by 54.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 265,534 shares of the financial services provider’s stock worth $7,807,000 after purchasing an additional 93,446 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Hilltop by 4.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,558,617 shares of the financial services provider’s stock worth $54,770,000 after purchasing an additional 66,373 shares in the last quarter. 63.52% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on HTH shares. Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, July 7th. TheStreet downgraded shares of Hilltop from a “b” rating to a “c+” rating in a research report on Friday, April 22nd. Piper Sandler lowered their price objective on shares of Hilltop to $28.00 in a report on Monday, July 4th. Finally, StockNews.com downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th.
Hilltop Price Performance
Hilltop (NYSE:HTH – Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. The company had revenue of $351.33 million during the quarter, compared to the consensus estimate of $328.25 million. Hilltop had a net margin of 13.07% and a return on equity of 8.78%. As a group, research analysts expect that Hilltop Holdings Inc. will post 1.44 earnings per share for the current fiscal year.
Hilltop Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.11%. Hilltop’s payout ratio is currently 22.56%.
Hilltop Company Profile
Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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