Algert Global LLC Has $382,000 Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Algert Global LLC boosted its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 49.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,348 shares of the financial services provider’s stock after buying an additional 4,442 shares during the period. Algert Global LLC’s holdings in Hilltop were worth $382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Hilltop in the 4th quarter valued at about $683,000. Tudor Investment Corp ET AL increased its holdings in shares of Hilltop by 98.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider’s stock valued at $3,930,000 after purchasing an additional 68,276 shares during the period. Voya Investment Management LLC increased its holdings in shares of Hilltop by 1.5% in the 4th quarter. Voya Investment Management LLC now owns 153,422 shares of the financial services provider’s stock valued at $4,392,000 after purchasing an additional 2,271 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Hilltop by 774.5% in the 4th quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider’s stock valued at $1,906,000 after purchasing an additional 58,709 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Hilltop by 228.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,947 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 7,617 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HTH. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective on Hilltop from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th.

Hilltop Stock Performance

NYSE:HTH opened at $30.92 on Tuesday. The stock’s 50 day moving average price is $29.74 and its 200 day moving average price is $30.35. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The company has a market capitalization of $1.98 billion, a P/E ratio of 17.77 and a beta of 0.87.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.37. The firm had revenue of $318.46 million during the quarter, compared to analysts’ expectations of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.33%. Hilltop’s payout ratio is currently 36.55%.

About Hilltop

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.