PNC Financial Services Group Inc. Has $37,000 Position in Hilltop Holdings Inc. (NYSE:HTH)

PNC Financial Services Group Inc. lessened its position in Hilltop Holdings Inc. (NYSE:HTH) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,284 shares of the financial services provider’s stock after selling 482 shares during the period. PNC Financial Services Group Inc.’s holdings in Hilltop were worth $37,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC raised its stake in Hilltop by 419.7% in the 3rd quarter. Verition Fund Management LLC now owns 383,692 shares of the financial services provider’s stock valued at $12,340,000 after acquiring an additional 309,858 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Hilltop by 90.5% during the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider’s stock worth $19,043,000 after buying an additional 281,230 shares during the period. Raymond James Financial Inc. acquired a new position in Hilltop in the 4th quarter valued at about $3,978,000. State Street Corp raised its holdings in Hilltop by 4.4% in the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock valued at $82,594,000 after acquiring an additional 107,348 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in Hilltop by 20.7% during the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock worth $14,959,000 after acquiring an additional 89,724 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James lowered Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods decreased their price objective on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd.

Hilltop Stock Down 0.4 %

NYSE HTH opened at $31.06 on Friday. The firm has a 50-day moving average price of $30.87 and a two-hundred day moving average price of $30.93. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32. The company has a market capitalization of $2.01 billion, a P/E ratio of 17.85 and a beta of 1.14.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (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%. Equities analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.18 per share. This is a positive change from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 13th. Hilltop’s dividend payout ratio 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.