Bank of New York Mellon Corp raised its position in Hilltop Holdings Inc. (NYSE:HTH) by 7.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 832,507 shares of the financial services provider’s stock after buying an additional 60,344 shares during the period. Bank of New York Mellon Corp owned about 0.86% of Hilltop Holdings worth $21,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Asset Management Inc. increased its stake in shares of Hilltop Holdings by 0.3% during the second quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 244 shares in the last quarter. Creative Planning increased its stake in shares of Hilltop Holdings by 1.5% during the second quarter. Creative Planning now owns 23,718 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 350 shares in the last quarter. Alpha Windward LLC increased its stake in shares of Hilltop Holdings by 5.3% during the second quarter. Alpha Windward LLC now owns 17,880 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 900 shares in the last quarter. First Interstate Bank increased its stake in shares of Hilltop Holdings by 50.1% during the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Hilltop Holdings by 32.9% during the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,398 shares in the last quarter. 56.32% of the stock is owned by institutional investors.

Hilltop Holdings Inc. (NYSE:HTH) opened at 24.12 on Friday. The firm has a 50-day moving average of $24.58 and a 200 day moving average of $26.15. Hilltop Holdings Inc. has a 12-month low of $21.04 and a 12-month high of $30.60. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.50 and a beta of 1.02.

Hilltop Holdings (NYSE:HTH) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million for the quarter, compared to analysts’ expectations of $431.80 million. During the same period last year, the company earned $0.32 EPS. On average, equities analysts predict that Hilltop Holdings Inc. will post $1.59 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. Hilltop Holdings’s dividend payout ratio is currently 13.41%.

In related news, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the sale, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Clifton Robinson bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $24.97 per share, for a total transaction of $499,400.00. Following the completion of the transaction, the director now directly owns 1,255,024 shares of the company’s stock, valued at approximately $31,337,949.28. The disclosure for this purchase can be found here. 22.60% of the stock is owned by company insiders.

A number of analysts have recently commented on HTH shares. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Compass Point upgraded shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.08.

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Hilltop Holdings Company Profile

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

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Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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