Hilltop Holdings Inc. (NYSE:HTH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 793,868 shares of the financial services provider’s stock after acquiring an additional 16,426 shares during the quarter. Bank of New York Mellon Corp owned 1.22% of Hilltop worth $24,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Hilltop by 2.9% in the first quarter. Vanguard Group Inc. now owns 5,393,284 shares of the financial services provider’s stock worth $168,918,000 after acquiring an additional 153,697 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hilltop by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,086 shares of the financial services provider’s stock worth $24,685,000 after acquiring an additional 9,927 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Hilltop by 7.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 315,185 shares of the financial services provider’s stock worth $9,872,000 after acquiring an additional 21,771 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Hilltop by 278.6% in the first quarter. Assenagon Asset Management S.A. now owns 252,476 shares of the financial services provider’s stock worth $7,908,000 after acquiring an additional 185,789 shares during the period. Finally, Scout Investments Inc. increased its stake in shares of Hilltop by 3.1% in the fourth quarter. Scout Investments Inc. now owns 193,713 shares of the financial services provider’s stock worth $6,821,000 after acquiring an additional 5,765 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director Hill A. Feinberg sold 3,776 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $29.91, for a total value of $112,940.16. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at $299,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares in the company, valued at approximately $17,978,857.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hill A. Feinberg sold 3,776 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $29.91, for a total value of $112,940.16. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $299,100. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HTH has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on shares of Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Stephens raised their price target on shares of Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.50.

Hilltop Stock Performance

HTH stock opened at $32.20 on Thursday. The firm has a market cap of $2.10 billion, a PE ratio of 18.83 and a beta of 1.12. The firm’s fifty day moving average is $32.03 and its 200 day moving average is $31.04. Hilltop Holdings Inc. has a one year low of $26.78 and a one year high of $35.66.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $297.00 million for the quarter, compared to the consensus estimate of $283.22 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Research analysts predict that Hilltop Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a yield of 2.11%. Hilltop’s payout ratio is currently 39.77%.

Hilltop Company Profile

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.