Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Hilltop Holdings Inc. (NYSE:HTH) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 738,860 shares of the financial services provider’s stock after selling 36,162 shares during the quarter. Bank of New York Mellon Corp owned 1.14% of Hilltop worth $21,154,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new position in Hilltop in the 4th quarter worth about $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Hilltop in the third quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hilltop in the third quarter worth approximately $49,000. KBC Group NV lifted its stake in Hilltop by 64.0% during the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,023 shares in the last quarter. Finally, FMR LLC lifted its stake in Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 885 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HTH. Keefe, Bruyette & Woods decreased their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research note on Monday, February 3rd. Raymond James cut Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.00.

Hilltop Trading Down 3.1 %

Shares of NYSE HTH opened at $30.68 on Tuesday. The stock has a market cap of $1.99 billion, a P/E ratio of 17.63 and a beta of 1.14. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32. The business’s fifty day simple moving average is $30.14 and its 200-day simple moving average is $31.09.

Hilltop (NYSE:HTH) last posted 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, equities analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.35%. The ex-dividend date was Thursday, February 13th. This is a positive change from Hilltop’s previous quarterly dividend of $0.17. Hilltop’s dividend payout ratio is 41.38%.

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.