Mercer Global Advisors Inc. ADV Has $1.76 Million Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Mercer Global Advisors Inc. ADV raised its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 14.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,208 shares of the financial services provider’s stock after acquiring an additional 6,921 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.09% of Hilltop worth $1,758,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its stake in Hilltop by 15.2% during the 4th quarter. Hilltop Holdings Inc. now owns 9,760 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,289 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Hilltop during the 4th quarter valued at $638,000. Rafferty Asset Management LLC grew its position in Hilltop by 49.8% in the 4th 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 during the last quarter. Keeley Teton Advisors LLC increased its holdings in shares of Hilltop by 22.8% during the 4th 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 during the period. Finally, Scout Investments Inc. increased its holdings in shares of Hilltop by 3.1% during the 4th quarter. Scout Investments Inc. now owns 193,713 shares of the financial services provider’s stock worth $6,821,000 after purchasing an additional 5,765 shares during the period. 57.13% of the stock is currently owned by institutional investors.

Hilltop Trading Down 0.4 %

Shares of HTH opened at $32.70 on Tuesday. The stock has a market cap of $2.13 billion, a PE ratio of 19.12 and a beta of 1.13. Hilltop Holdings Inc. has a 1 year low of $26.78 and a 1 year high of $35.66. The stock has a 50 day simple moving average of $32.35 and a 200-day simple moving average of $31.16.

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

Hilltop Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.08%. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Hill A. Feinberg sold 17,157 shares of the business’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 value of $566,009.43. Following the transaction, the director now directly owns 544,979 shares of the company’s stock, valued at approximately $17,978,857.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.