Dimensional Fund Advisors LP Sells 82,786 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Dimensional Fund Advisors LP decreased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,282,754 shares of the financial services provider’s stock after selling 82,786 shares during the quarter. Dimensional Fund Advisors LP owned about 0.05% of Hilltop worth $93,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new position in shares of Hilltop in the fourth quarter worth $27,000. Sterling Capital Management LLC increased its holdings in shares of Hilltop by 827.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,332 shares during the period. KBC Group NV increased its holdings in shares of Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,023 shares during the period. Olympiad Research LP bought a new position in shares of Hilltop in the fourth quarter worth $210,000. Finally, Inceptionr LLC bought a new position in shares of Hilltop in the fourth quarter worth $220,000. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Up 0.1 %

HTH opened at $29.00 on Tuesday. The stock has a market cap of $1.88 billion, a PE ratio of 16.67 and a beta of 1.00. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The business’s fifty day simple moving average is $30.07 and its 200 day simple moving average is $30.45.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.37. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. The company had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.48%. Hilltop’s dividend payout ratio (DPR) is currently 36.55%.

Wall Street Analysts Forecast Growth

HTH has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

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.