Proficio Capital Partners LLC Makes New Investment in Hilltop Holdings Inc. (NYSE:HTH)

Proficio Capital Partners LLC bought a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,069 shares of the financial services provider’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Hilltop by 4.9% in the third quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 1,218 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hilltop in the 3rd quarter worth about $270,000. Intech Investment Management LLC bought a new stake in shares of Hilltop in the third quarter valued at approximately $314,000. Charles Schwab Investment Management Inc. raised its stake in Hilltop by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock valued at $25,537,000 after purchasing an additional 19,936 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hilltop in the 3rd quarter valued at $575,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, February 3rd. Raymond James downgraded Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th.

Hilltop Trading Down 0.2 %

HTH stock opened at $30.85 on Wednesday. The firm has a market cap of $2.00 billion, a PE ratio of 17.73 and a beta of 1.14. The stock has a 50-day moving average price of $30.77 and a 200-day moving average price of $30.93. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. On average, analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.33%. Hilltop’s dividend payout ratio (DPR) is 41.38%.

Hilltop 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.