Allspring Global Investments Holdings LLC Purchases 2,840 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Allspring Global Investments Holdings LLC grew its position in Hilltop Holdings Inc. (NYSE:HTH) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,693 shares of the financial services provider’s stock after acquiring an additional 2,840 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hilltop were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HTH. North Reef Capital Management LP lifted its position in shares of Hilltop by 46.9% during the 3rd quarter. North Reef Capital Management LP now owns 2,525,000 shares of the financial services provider’s stock worth $71,609,000 after buying an additional 806,091 shares during the period. Assenagon Asset Management S.A. increased its holdings in Hilltop by 523.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 551,596 shares of the financial services provider’s stock valued at $15,643,000 after purchasing an additional 463,071 shares in the last quarter. First Dallas Securities Inc. acquired a new stake in Hilltop during the 3rd quarter valued at $5,672,000. Keeley Teton Advisors LLC increased its holdings in Hilltop by 126.6% during the 3rd quarter. Keeley Teton Advisors LLC now owns 107,522 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 60,065 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Hilltop during the 3rd quarter valued at $1,385,000. Institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

HTH has been the subject of several research reports. TheStreet cut Hilltop from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research note on Friday, January 5th.

Hilltop Stock Down 0.1 %

NYSE:HTH opened at $30.34 on Friday. Hilltop Holdings Inc. has a 12-month low of $26.78 and a 12-month high of $35.66. The firm has a market capitalization of $1.98 billion, a P/E ratio of 17.76 and a beta of 1.12. The stock’s fifty day simple moving average is $30.49 and its 200-day simple moving average is $31.01.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. The business had revenue of $285.24 million for the quarter, compared to analyst estimates of $274.55 million. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The firm’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. As a group, equities research analysts expect that Hilltop Holdings Inc. will post 1.36 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.24%. Hilltop’s dividend payout ratio is presently 39.77%.

Insiders Place Their Bets

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total transaction of $94,890.00. Following the transaction, the director now directly owns 13,776 shares in the company, valued at $435,734.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Hill A. Feinberg sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now directly owns 13,776 shares in the company, valued at $435,734.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Martin Bradley Winges sold 30,000 shares of Hilltop stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.83, for a total value of $924,900.00. Following the completion of the sale, the chief executive officer now directly owns 98,934 shares in the company, valued at approximately $3,050,135.22. The disclosure for this sale can be found here. Corporate insiders own 28.90% of the company’s stock.

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.