New York Life Investment Management LLC Cuts Holdings in Hilltop Holdings Inc. (NYSE:HTH)

New York Life Investment Management LLC cut its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH – Free Report) by 17.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,949 shares of the financial services provider’s stock after selling 3,346 shares during the period. New York Life Investment Management LLC’s holdings in Hilltop were worth $473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Hilltop by 1.7% in the first quarter. Vanguard Group Inc. now owns 6,551,143 shares of the financial services provider’s stock valued at $192,605,000 after buying an additional 109,157 shares in the last quarter. State Street Corp increased its holdings in Hilltop by 8.9% in the 1st quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock worth $105,004,000 after acquiring an additional 291,456 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Hilltop by 0.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,567,251 shares of the financial services provider’s stock valued at $46,077,000 after purchasing an additional 8,634 shares in the last quarter. Jennison Associates LLC grew its position in shares of Hilltop by 40.6% in the first quarter. Jennison Associates LLC now owns 1,134,186 shares of the financial services provider’s stock valued at $33,651,000 after purchasing an additional 327,605 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Hilltop by 5.9% in the first quarter. Capital Research Global Investors now owns 900,000 shares of the financial services provider’s stock valued at $26,460,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 54.34% of the company’s stock.

Hilltop Trading Up 0.6 %

NYSE:HTH opened at $30.28 on Friday. Hilltop Holdings Inc. has a twelve month low of $24.18 and a twelve month high of $34.87. The company has a market cap of $1.97 billion, a P/E ratio of 19.29 and a beta of 1.05. The company’s 50-day moving average price is $31.15 and its 200-day moving average price is $31.14.

Hilltop (NYSE:HTH – Get Free Report) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.16). Hilltop had a return on equity of 4.90% and a net margin of 6.90%. The business had revenue of $308.92 million during the quarter, compared to analysts’ expectations of $305.38 million. On average, analysts expect that Hilltop Holdings Inc. will post 1.5 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, August 10th. Hilltop’s dividend payout ratio (DPR) is presently 40.76%.

Analyst Upgrades and Downgrades

HTH has been the subject of several research analyst reports. Stephens reduced their price target on shares of Hilltop from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, July 24th. StockNews.com began coverage on Hilltop in a research report on Thursday. They issued a “sell” rating on the stock. Finally, TheStreet cut Hilltop from a “b-” rating to a “c+” rating in a research report on Monday, July 24th.

Check Out Our Latest Research Report on HTH

Hilltop Company Profile

(Free Report)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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