Russell Investments Group Ltd. Sells 15,924 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Russell Investments Group Ltd. decreased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH – Free Report) by 29.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,542 shares of the financial services provider’s stock after selling 15,924 shares during the period. Russell Investments Group Ltd. owned 0.06% of Hilltop worth $1,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Hilltop by 1,341.0% during the fourth quarter. Jennison Associates LLC now owns 806,581 shares of the financial services provider’s stock valued at $24,205,000 after buying an additional 750,608 shares during the last quarter. Norges Bank purchased a new stake in shares of Hilltop during the fourth quarter valued at approximately $15,124,000. Goldman Sachs Group Inc. grew its holdings in shares of Hilltop by 197.2% during the first quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider’s stock valued at $22,094,000 after buying an additional 498,672 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Hilltop by 111.4% during the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider’s stock valued at $18,776,000 after buying an additional 371,133 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Hilltop by 8.9% during the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock valued at $105,004,000 after buying an additional 291,456 shares during the last quarter. Institutional investors own 54.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HTH. Stephens cut their price target on shares of Hilltop from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, July 24th. StockNews.com assumed coverage on shares of Hilltop in a report on Thursday, August 17th. They set a “sell” rating on the stock. Finally, TheStreet cut shares of Hilltop from a “b-” rating to a “c+” rating in a report on Monday, July 24th.

View Our Latest Report on Hilltop

Hilltop Trading Up 0.8 %

Shares of HTH stock opened at $30.58 on Thursday. Hilltop Holdings Inc. has a 12-month low of $24.18 and a 12-month high of $34.87. The firm’s 50 day moving average is $30.84 and its 200 day moving average is $30.90. The stock has a market capitalization of $1.99 billion, a P/E ratio of 19.48 and a beta of 1.05.

Hilltop (NYSE:HTH – Get Free Report) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.16). The business had revenue of $308.92 million for the quarter, compared to analysts’ expectations of $305.38 million. Hilltop had a return on equity of 4.90% and a net margin of 6.90%. As a group, equities analysts predict that Hilltop Holdings Inc. will post 1.49 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 10th. Hilltop’s dividend payout ratio is presently 40.76%.

Hilltop 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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