Swiss National Bank Has $3.75 Million Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Swiss National Bank increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 124,800 shares of the financial services provider’s stock after buying an additional 2,300 shares during the period. Swiss National Bank’s holdings in Hilltop were worth $3,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Hilltop by 1.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,501 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 412 shares in the last quarter. Inspire Investing LLC lifted its holdings in Hilltop by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 8,355 shares of the financial services provider’s stock worth $208,000 after buying an additional 413 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Hilltop by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock worth $96,000 after buying an additional 425 shares in the last quarter. Captrust Financial Advisors boosted its position in Hilltop by 16.7% in the 2nd quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after buying an additional 456 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Hilltop by 3.2% in the 1st quarter. Bank of Montreal Can now owns 17,046 shares of the financial services provider’s stock valued at $520,000 after buying an additional 526 shares during the period. Institutional investors own 79.46% of the company’s stock.

Hilltop Stock Performance

HTH opened at $30.95 on Monday. The company has a fifty day moving average price of $29.87 and a two-hundred day moving average price of $30.54. The firm has a market capitalization of $2.01 billion, a PE ratio of 17.79 and a beta of 1.05. Hilltop Holdings Inc. has a 52 week low of $24.18 and a 52 week high of $34.87.

Hilltop (NYSE:HTH – Get Rating) last posted its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.17. The business had revenue of $353.92 million for the quarter, compared to analyst estimates of $277.55 million. Hilltop had a return on equity of 5.65% and a net margin of 8.09%. During the same period last year, the company earned $0.28 EPS. Equities analysts forecast that Hilltop Holdings Inc. will post 1.68 EPS for the current year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Wednesday, May 10th will be given a $0.16 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.07%. Hilltop’s dividend payout ratio is 36.78%.

Insider Buying and Selling

In other Hilltop news, Director Hill A. Feinberg sold 9,001 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $32.39, for a total value of $291,542.39. Following the completion of the sale, the director now owns 600,135 shares of the company’s stock, valued at $19,438,372.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hilltop news, Director Hill A. Feinberg sold 9,001 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $32.39, for a total value of $291,542.39. Following the completion of the transaction, the director now directly owns 600,135 shares of the company’s stock, valued at $19,438,372.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jerry Schaffner sold 40,000 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $33.33, for a total value of $1,333,200.00. Following the completion of the sale, the chief executive officer now owns 136,763 shares of the company’s stock, valued at $4,558,310.79. The disclosure for this sale can be found here. Insiders have sold 50,501 shares of company stock valued at $1,671,272 in the last 90 days. 22.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HTH. Stephens reaffirmed an “equal weight” rating and set a $33.00 price target on shares of Hilltop in a research note on Friday, April 21st. StockNews.com began coverage on shares of Hilltop in a research report on Thursday. They set a “hold” rating on the stock.

About Hilltop

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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.