Hilltop Holdings Inc. (HTH) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 806,108 shares of the financial services provider’s stock after selling 26,399 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of Hilltop worth $20,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in Hilltop by 0.6% during the 2nd quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock valued at $165,245,000 after purchasing an additional 35,179 shares in the last quarter. Vanguard Group Inc. grew its stake in Hilltop by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock valued at $154,877,000 after purchasing an additional 28,889 shares in the last quarter. Northern Trust Corp grew its stake in Hilltop by 0.9% during the 2nd quarter. Northern Trust Corp now owns 968,261 shares of the financial services provider’s stock valued at $25,378,000 after purchasing an additional 8,696 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Hilltop by 9.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 740,890 shares of the financial services provider’s stock valued at $19,419,000 after purchasing an additional 62,423 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Hilltop by 8.4% during the 3rd quarter. Prudential Financial Inc. now owns 623,015 shares of the financial services provider’s stock valued at $16,198,000 after purchasing an additional 48,270 shares in the last quarter. Hedge funds and other institutional investors own 56.50% of the company’s stock.

Several research analysts have recently commented on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $30.00 target price on shares of Hilltop in a research report on Friday, September 1st. ValuEngine upgraded Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Hilltop from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop in a research report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.30.

Hilltop Holdings Inc. (NYSE HTH) opened at $24.61 on Friday. The company has a market capitalization of $2,293.22, a P/E ratio of 15.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.82. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $30.60.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. Hilltop’s payout ratio is 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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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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