King Luther Capital Management Corp Buys 8,567 Shares of Hilltop Holdings Inc. (NYSE:HTH)

King Luther Capital Management Corp grew its stake in Hilltop Holdings Inc. (NYSE:HTH) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,549 shares of the financial services provider’s stock after purchasing an additional 8,567 shares during the period. King Luther Capital Management Corp owned approximately 0.20% of Hilltop worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. AlphaQuest LLC grew its stake in shares of Hilltop by 18.2% in the 4th quarter. AlphaQuest LLC now owns 57,203 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 8,810 shares during the period. Amundi grew its position in Hilltop by 191.5% during the 4th quarter. Amundi now owns 23,666 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 15,547 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Hilltop during the 4th quarter worth approximately $1,041,000. Inceptionr LLC bought a new stake in Hilltop during the 4th quarter worth approximately $220,000. Finally, Raymond James Financial Inc. bought a new stake in Hilltop during the 4th quarter worth approximately $3,978,000. 57.13% of the stock is currently owned by institutional investors.

Hilltop Stock Performance

Shares of HTH opened at $30.44 on Thursday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.49 and a beta of 1.14. The business’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $31.06. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Hilltop’s previous quarterly dividend of $0.17. Hilltop’s dividend payout ratio is 41.38%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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 report on Monday, February 3rd. Raymond James lowered Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.00.

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.