Toronto Dominion Bank purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the first quarter, HoldingsChannel reports. The firm purchased 1,396 shares of the financial services provider’s stock, valued at approximately $48,000.
Other large investors have also recently made changes to their positions in the company. LSV Asset Management increased its stake in Hilltop by 8.2% in the first quarter. LSV Asset Management now owns 1,497,900 shares of the financial services provider’s stock valued at $51,123,000 after acquiring an additional 113,000 shares during the last quarter. New York State Teachers Retirement System increased its stake in Hilltop by 437.4% in the first quarter. New York State Teachers Retirement System now owns 32,782 shares of the financial services provider’s stock valued at $1,119,000 after acquiring an additional 26,682 shares during the last quarter. KBC Group NV increased its stake in Hilltop by 23.2% in the fourth quarter. KBC Group NV now owns 38,127 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 7,183 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Hilltop by 2,505.5% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 85,511 shares of the financial services provider’s stock valued at $2,352,000 after acquiring an additional 82,229 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Hilltop in the first quarter valued at approximately $15,458,000. 64.66% of the stock is currently owned by institutional investors and hedge funds.
NYSE HTH opened at $37.13 on Friday. The business’s fifty day moving average is $35.78. The company has a market capitalization of $3.06 billion, a PE ratio of 6.26 and a beta of 1.09. Hilltop Holdings Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $39.60. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, April 22nd. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.37. Hilltop had a net margin of 21.74% and a return on equity of 20.29%. The company had revenue of $523.27 million for the quarter, compared to analysts’ expectations of $467.68 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, analysts expect that Hilltop Holdings Inc. will post 3.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. Hilltop’s dividend payout ratio is 10.48%.
In related news, Director Charles R. Cummings sold 7,477 shares of the business’s stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $35.48, for a total value of $265,283.96. Following the sale, the director now owns 29,999 shares of the company’s stock, valued at $1,064,364.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.30% of the company’s stock.
A number of research analysts recently issued reports on the stock. Raymond James lifted their price objective on shares of Hilltop from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, April 7th. Stephens reaffirmed an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of Hilltop in a research note on Monday, May 3rd. Zacks Investment Research cut shares of Hilltop from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a research note on Tuesday, March 9th. Finally, Piper Sandler began coverage on shares of Hilltop in a research note on Wednesday, April 14th. They set a “neutral” rating and a $36.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.33.
Hilltop Company Profile
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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