Russell Investments Group Ltd. Has $1.61 Million Stake in Hilltop Holdings Inc. (NYSE:HTH)

Russell Investments Group Ltd. lowered its stake in Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,466 shares of the financial services provider’s stock after selling 1,740 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hilltop were worth $1,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HTH. Envestnet Asset Management Inc. boosted its position in Hilltop by 1.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,501 shares of the financial services provider’s stock valued at $1,005,000 after acquiring an additional 412 shares during the last quarter. Inspire Investing LLC boosted its position in Hilltop by 5.2% during the third quarter. Inspire Investing LLC now owns 8,355 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 413 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Hilltop by 12.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 425 shares during the last quarter. Captrust Financial Advisors boosted its position in Hilltop by 16.7% during the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 456 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Hilltop by 3.2% during the first quarter. Bank of Montreal Can now owns 17,046 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 526 shares during the last quarter. Institutional investors own 79.46% of the company’s stock.

Insider Buying and Selling

In related news, Director W Robert Nichols III sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $31.02, for a total value of $46,530.00. Following the sale, the director now owns 9,500 shares in the company, valued at approximately $294,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hilltop news, CEO Jerry Schaffner sold 40,000 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were 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 directly owns 136,763 shares of the company’s stock, valued at approximately $4,558,310.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Robert Nichols III sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $31.02, for a total transaction of $46,530.00. Following the completion of the sale, the director now directly owns 9,500 shares of the company’s stock, valued at $294,690. The disclosure for this sale can be found here. Insiders have sold 50,501 shares of company stock worth $1,671,272 in the last quarter. Insiders own 23.40% of the company’s stock.

Hilltop Trading Down 0.9 %

Shares of NYSE HTH opened at $31.19 on Wednesday. The firm’s 50-day moving average price is $29.94 and its 200-day moving average price is $30.58. Hilltop Holdings Inc. has a 1-year low of $24.18 and a 1-year high of $34.87. The firm has a market capitalization of $2.03 billion, a P/E ratio of 17.93 and a beta of 1.05.

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

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Wednesday, May 10th will be issued 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 2.05%. Hilltop’s dividend payout ratio is presently 36.78%.

Analysts Set New Price Targets

Several equities 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 reiterated an “equal weight” rating and set a $33.00 price objective on shares of Hilltop in a report on Friday, April 21st.

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.