Victory Capital Management Inc. Raises Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Victory Capital Management Inc. lifted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,766 shares of the financial services provider’s stock after purchasing an additional 2,545 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilltop were worth $775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HTH. Hilltop Holdings Inc. grew its holdings in shares of Hilltop by 15.2% during the fourth quarter. Hilltop Holdings Inc. now owns 9,760 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 1,289 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Hilltop during the fourth quarter worth about $638,000. Rafferty Asset Management LLC grew its holdings in shares of Hilltop by 49.8% during the fourth quarter. Rafferty Asset Management LLC now owns 70,428 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 23,399 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Hilltop by 22.8% during the fourth quarter. Keeley Teton Advisors LLC now owns 132,023 shares of the financial services provider’s stock worth $4,649,000 after purchasing an additional 24,501 shares in the last quarter. Finally, Scout Investments Inc. boosted its stake in 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 buying an additional 5,765 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Shares of HTH stock opened at $32.82 on Friday. Hilltop Holdings Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $35.66. The stock has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $31.15. The company has a market capitalization of $2.14 billion, a P/E ratio of 19.19 and a beta of 1.13.

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

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 annualized dividend and a yield of 2.07%. Hilltop’s payout ratio is currently 39.77%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 17,157 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 544,979 shares in the company, valued at $17,978,857.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 28.90% of the stock is owned by corporate insiders.

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.