American Century Companies Inc. Sells 1,364 Shares of Hilltop Holdings Inc. (NYSE:HTH)

American Century Companies Inc. lowered its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,572 shares of the financial services provider’s stock after selling 1,364 shares during the period. American Century Companies Inc. owned approximately 0.63% of Hilltop worth $12,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTH. Vanguard Group Inc. lifted its holdings in shares of Hilltop by 2.9% during the first quarter. Vanguard Group Inc. now owns 5,393,284 shares of the financial services provider’s stock valued at $168,918,000 after purchasing an additional 153,697 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Hilltop by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider’s stock valued at $24,832,000 after buying an additional 16,426 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in Hilltop by 2.6% in the second quarter. Hodges Capital Management Inc. now owns 472,101 shares of the financial services provider’s stock worth $14,767,000 after acquiring an additional 12,106 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in 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 in the last quarter. Finally, Scout Investments Inc. grew 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 last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

NYSE HTH opened at $32.82 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.19 and a beta of 1.13. The stock has a 50-day moving average of $32.35 and a 200 day moving average of $31.15. Hilltop Holdings Inc. has a one year low of $26.78 and a one year high of $35.66.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $283.22 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, equities analysts predict that Hilltop Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.17 per share. 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 2.07%. Hilltop’s dividend payout ratio is presently 39.77%.

Wall Street Analyst Weigh In

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

Insider Activity

In related 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 transaction of $566,009.43. Following the completion of the sale, the director now owns 544,979 shares in the company, valued at $17,978,857.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 28.90% of the company’s stock.

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.