Charles Schwab Investment Management Inc. Boosts Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Charles Schwab Investment Management Inc. grew its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 794,060 shares of the financial services provider’s stock after purchasing an additional 19,936 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Hilltop worth $25,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HTH. 1620 Investment Advisors Inc. purchased a new position in shares of Hilltop in the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new position in shares of Hilltop in the second quarter valued at approximately $69,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of Hilltop in the third quarter valued at approximately $203,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hilltop in the third quarter valued at approximately $270,000. Finally, Intech Investment Management LLC purchased a new position in shares of Hilltop in the third quarter valued at approximately $314,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Insiders Place Their Bets

In other news, CAO Keith E. Bornemann sold 2,500 shares of Hilltop stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at $291,968. The trade was a 21.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the transaction, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.30% of the stock is owned by corporate insiders.

Hilltop Stock Down 1.0 %

Shares of NYSE:HTH opened at $31.33 on Friday. The firm’s 50 day moving average price is $31.61 and its 200 day moving average price is $31.54. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 19.22 and a beta of 1.13. Hilltop Holdings Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $35.66.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The company had revenue of $411.49 million for the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts anticipate that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Hilltop’s payout ratio is currently 41.72%.

About Hilltop

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.