Allspring Global Investments Holdings LLC Boosts Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 36.2% in the fourth quarter, HoldingsChannel reports. The fund owned 10,693 shares of the financial services provider’s stock after acquiring an additional 2,840 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hilltop were worth $376,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Diversified Trust Co raised its holdings in Hilltop by 6.4% in the fourth quarter. Diversified Trust Co now owns 13,320 shares of the financial services provider’s stock worth $469,000 after buying an additional 803 shares during the last quarter. EJF Capital LLC raised its holdings in Hilltop by 38.1% in the third quarter. EJF Capital LLC now owns 32,318 shares of the financial services provider’s stock worth $917,000 after buying an additional 8,918 shares during the last quarter. First Dallas Securities Inc. purchased a new position in Hilltop in the third quarter worth about $5,672,000. Teza Capital Management LLC raised its holdings in Hilltop by 5.2% in the third quarter. Teza Capital Management LLC now owns 9,114 shares of the financial services provider’s stock worth $258,000 after buying an additional 449 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Hilltop by 1,324.5% in the third quarter. Tower Research Capital LLC TRC now owns 21,410 shares of the financial services provider’s stock worth $607,000 after buying an additional 19,907 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Down 0.1 %

Shares of HTH stock opened at $30.34 on Friday. The company has a 50 day moving average price of $30.49 and a 200-day moving average price of $31.01. Hilltop Holdings Inc. has a 52 week low of $26.78 and a 52 week high of $35.66. The firm has a market capitalization of $1.98 billion, a PE ratio of 17.76 and a beta of 1.12.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Hilltop had a net margin of 6.95% and a return on equity of 5.24%. The firm had revenue of $285.24 million during the quarter, compared to analyst estimates of $274.55 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Analysts anticipate that Hilltop Holdings Inc. will post 1.36 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.24%. Hilltop’s dividend payout ratio (DPR) is 39.77%.

Insider Activity at Hilltop

In related news, CEO Martin Bradley Winges sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the sale, the chief executive officer now directly owns 98,934 shares in the company, valued at $3,050,135.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Martin Bradley Winges sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the sale, the chief executive officer now directly owns 98,934 shares in the company, valued at $3,050,135.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $31.63, for a total transaction of $94,890.00. Following the transaction, the director now directly owns 13,776 shares in the company, valued at approximately $435,734.88. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on HTH shares. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Friday, January 5th. TheStreet lowered shares of Hilltop from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

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.