Hilltop Holdings Inc. (HTH) Holdings Boosted by JPMorgan Chase & Co.
JPMorgan Chase & Co. raised its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 401,721 shares of the financial services provider’s stock after purchasing an additional 47,121 shares during the period. JPMorgan Chase & Co. owned about 0.42% of Hilltop worth $10,521,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HTH. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilltop by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 348 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Hilltop by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 994 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Hilltop during the 2nd quarter valued at approximately $241,000. Principal Financial Group Inc. raised its position in shares of Hilltop by 2.1% during the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 186 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Hilltop by 0.8% during the 2nd quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 72 shares in the last quarter. 56.50% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on HTH shares. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Hilltop in a research report on Tuesday, September 12th. Zacks Investment Research lowered Hilltop from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and set a $30.00 price target on shares of Hilltop in a research report on Thursday, October 19th. Finally, ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.30.
Hilltop Holdings Inc. (NYSE HTH) opened at $25.26 on Friday. The company has a market capitalization of $2,415.98, a price-to-earnings ratio of 16.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop Holdings Inc. has a 52 week low of $21.47 and a 52 week high of $30.60.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. Hilltop’s payout ratio is currently 15.29%.
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Hilltop Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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