Charles Schwab Investment Management Inc. Has $24.69 Million Position in Hilltop Holdings Inc. (NYSE:HTH)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,086 shares of the financial services provider’s stock after buying an additional 9,927 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Hilltop worth $24,685,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund acquired a new stake in Hilltop during the third quarter worth $776,000. North Reef Capital Management LP lifted its holdings in shares of Hilltop by 46.9% during the third quarter. North Reef Capital Management LP now owns 2,525,000 shares of the financial services provider’s stock valued at $71,609,000 after acquiring an additional 806,091 shares during the period. Keeley Teton Advisors LLC lifted its holdings in shares of Hilltop by 126.6% during the third quarter. Keeley Teton Advisors LLC now owns 107,522 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 60,065 shares during the period. EJF Capital LLC lifted its holdings in shares of Hilltop by 38.1% during the third quarter. EJF Capital LLC now owns 32,318 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 8,918 shares during the period. Finally, First Dallas Securities Inc. bought a new position in shares of Hilltop during the third quarter valued at $5,672,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the transaction, the director now directly owns 13,776 shares of the company’s stock, valued at $435,734.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.90% of the stock is currently owned by company insiders.

Hilltop Stock Down 2.4 %

Hilltop stock opened at $30.96 on Friday. The stock has a 50-day simple moving average of $30.59 and a 200 day simple moving average of $31.46. Hilltop Holdings Inc. has a 12-month low of $26.78 and a 12-month high of $35.66. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.11 and a beta of 1.10.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The business had revenue of $285.24 million during the quarter, compared to analysts’ expectations of $274.55 million. During the same period in the previous year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.32 EPS for the current year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. Hilltop’s dividend payout ratio is 39.77%.

About Hilltop

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.