Invesco Ltd. raised its stake in Hilltop Holdings Inc. (NYSE:HTH) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 443,270 shares of the financial services provider’s stock after acquiring an additional 130,339 shares during the period. Invesco Ltd. owned about 0.55% of Hilltop worth $16,136,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its stake in shares of Hilltop by 42.6% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,088 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 325 shares during the period. Toronto Dominion Bank increased its holdings in Hilltop by 42.6% in the second quarter. Toronto Dominion Bank now owns 1,991 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 595 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Hilltop by 124.5% in the second quarter. PNC Financial Services Group Inc. now owns 2,099 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,164 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Hilltop by 104.6% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,545 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,301 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. increased its holdings in Hilltop by 40.6% in the second quarter. C M Bidwell & Associates Ltd. now owns 3,240 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 66.41% of the company’s stock.
In other Hilltop news, CAO Keith E. Bornemann sold 3,000 shares of the stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $36.94, for a total value of $110,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.30% of the stock is owned by corporate insiders.
Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 28th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.33. The business had revenue of $473.04 million during the quarter, compared to the consensus estimate of $424.52 million. Hilltop had a return on equity of 17.36% and a net margin of 20.25%. During the same quarter in the prior year, the company posted $1.69 earnings per share. On average, sell-side analysts expect that Hilltop Holdings Inc. will post 4.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Investors of record on Monday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. Hilltop’s dividend payout ratio is presently 9.28%.
Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.
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