Jennison Associates LLC Trims Stock Position in Hilltop Holdings Inc. (NYSE:HTH)

Jennison Associates LLC cut its position in Hilltop Holdings Inc. (NYSE:HTH) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,911 shares of the financial services provider’s stock after selling 81,697 shares during the quarter. Jennison Associates LLC’s holdings in Hilltop were worth $36,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund purchased a new stake in shares of Hilltop in the third quarter worth $776,000. Keeley Teton Advisors LLC increased its stake in Hilltop by 126.6% in the 3rd quarter. Keeley Teton Advisors LLC now owns 107,522 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 60,065 shares during the last quarter. North Reef Capital Management LP raised its holdings in shares of Hilltop by 46.9% in the 3rd quarter. North Reef Capital Management LP now owns 2,525,000 shares of the financial services provider’s stock valued at $71,609,000 after acquiring an additional 806,091 shares in the last quarter. EJF Capital LLC boosted its position in shares of Hilltop by 38.1% during the 3rd quarter. EJF Capital LLC now owns 32,318 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 8,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hilltop by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 691,159 shares of the financial services provider’s stock worth $19,601,000 after purchasing an additional 19,910 shares in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HTH. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research note on Friday, January 5th. TheStreet lowered Hilltop from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Hilltop Price Performance

NYSE HTH opened at $30.50 on Thursday. Hilltop Holdings Inc. has a 1 year low of $26.78 and a 1 year high of $35.66. The stock has a market capitalization of $1.99 billion, a PE ratio of 17.80 and a beta of 1.12. The business’s 50-day moving average is $30.53 and its 200 day moving average is $31.02.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The firm 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 business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.36 earnings per share for the current year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.23%. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

Hilltop Company Profile

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.