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Scout Investments Inc. Increases Position in Hilltop Holdings Inc. (NYSE:HTH)

Scout Investments Inc. increased its stake in Hilltop Holdings Inc. (NYSE:HTHGet Rating) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,132 shares of the financial services provider’s stock after purchasing an additional 5,075 shares during the quarter. Scout Investments Inc. owned 0.24% of Hilltop worth $5,176,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HTH. Nordea Investment Management AB increased its holdings in Hilltop by 1.3% during the 1st quarter. Nordea Investment Management AB now owns 247,698 shares of the financial services provider’s stock valued at $7,448,000 after acquiring an additional 3,126 shares in the last quarter. Swiss National Bank increased its holdings in Hilltop by 4.5% during the 1st quarter. Swiss National Bank now owns 149,400 shares of the financial services provider’s stock valued at $4,392,000 after acquiring an additional 6,500 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Hilltop by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider’s stock valued at $32,783,000 after acquiring an additional 208,314 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Hilltop by 35.9% during the 1st quarter. Panagora Asset Management Inc. now owns 362,049 shares of the financial services provider’s stock valued at $10,644,000 after acquiring an additional 95,729 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its stake in shares of Hilltop by 64.7% during the 1st quarter. Blueshift Asset Management LLC now owns 9,705 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 3,813 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HTH. Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, July 7th. StockNews.com cut shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Finally, Piper Sandler decreased their target price on shares of Hilltop to $28.00 in a research report on Monday, July 4th.

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 32,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $29.69, for a total value of $964,925.00. Following the transaction, the director now owns 622,736 shares in the company, valued at $18,489,031.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 22.30% of the stock is currently owned by insiders.

Hilltop Stock Performance

HTH opened at $25.13 on Monday. The company’s 50 day simple moving average is $27.51 and its 200 day simple moving average is $28.21. Hilltop Holdings Inc. has a 1 year low of $24.76 and a 1 year high of $38.47. The stock has a market capitalization of $1.62 billion, a PE ratio of 9.45 and a beta of 1.11.

Hilltop (NYSE:HTHGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.13. Hilltop had a net margin of 13.07% and a return on equity of 8.78%. The business had revenue of $351.33 million for the quarter, compared to analysts’ expectations of $328.25 million. As a group, sell-side analysts expect that Hilltop Holdings Inc. will post 1.33 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.39%. Hilltop’s payout ratio is 22.56%.

About Hilltop

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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 and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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