Handelsbanken Fonder AB Raises Position in Hilltop Holdings Inc. (NYSE:HTH)

Handelsbanken Fonder AB grew its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,446 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Handelsbanken Fonder AB’s holdings in Hilltop were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HTH. Kingsview Wealth Management LLC acquired a new stake in shares of Hilltop during the 3rd quarter valued at about $215,000. Allspring Global Investments Holdings LLC raised its position in shares of Hilltop by 49.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,853 shares of the financial services provider’s stock valued at $223,000 after buying an additional 2,595 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilltop by 33.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the financial services provider’s stock valued at $225,000 after buying an additional 1,995 shares during the period. Teza Capital Management LLC increased its holdings in Hilltop by 5.2% in the 3rd quarter. Teza Capital Management LLC now owns 9,114 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 449 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Hilltop by 7.8% in the 3rd quarter. Inspire Investing LLC now owns 10,802 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analyst Weigh In

HTH has been the subject of several research reports. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Friday, January 5th. TheStreet cut shares of Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Insider Activity

In related news, CEO Martin Bradley Winges sold 30,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the sale, the chief executive officer now directly owns 98,934 shares of the company’s stock, valued at approximately $3,050,135.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Hill A. Feinberg sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $31.63, for a total transaction of $94,890.00. Following the completion of the sale, the director now owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Martin Bradley Winges sold 30,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the transaction, the chief executive officer now directly owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The disclosure for this sale can be found here. Insiders own 28.90% of the company’s stock.

Hilltop Trading Up 3.0 %

Shares of HTH opened at $30.15 on Thursday. The firm’s 50-day moving average is $30.40 and its two-hundred day moving average is $31.08. Hilltop Holdings Inc. has a twelve month low of $26.78 and a twelve month high of $35.66. The firm has a market capitalization of $1.97 billion, a P/E ratio of 17.63 and a beta of 1.12.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $285.24 million for the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.24%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Analysts predict that Hilltop Holdings Inc. will post 1.36 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, May 9th. Hilltop’s dividend payout ratio is presently 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.