Victory Capital Management Inc. Has $665,000 Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Victory Capital Management Inc. trimmed its stake in Hilltop Holdings Inc. (NYSE:HTHFree Report) by 60.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,889 shares of the financial services provider’s stock after selling 29,359 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilltop were worth $665,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Teza Capital Management LLC lifted its position in shares of Hilltop by 5.2% during the third quarter. Teza Capital Management LLC now owns 9,114 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 449 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Hilltop by 3.9% during the fourth quarter. Handelsbanken Fonder AB now owns 13,446 shares of the financial services provider’s stock worth $473,000 after buying an additional 500 shares during the last quarter. Diversified Trust Co increased its holdings in Hilltop by 6.4% during the fourth quarter. Diversified Trust Co now owns 13,320 shares of the financial services provider’s stock worth $469,000 after buying an additional 803 shares during the last quarter. Swiss National Bank increased its holdings in Hilltop by 1.5% during the third quarter. Swiss National Bank now owns 107,200 shares of the financial services provider’s stock worth $3,040,000 after buying an additional 1,600 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Hilltop by 2.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 57,773 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 1,647 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Check Out Our Latest Analysis on HTH

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 filing with the SEC, which is available through this hyperlink. 28.90% of the stock is owned by corporate insiders.

Hilltop Stock Down 2.4 %

HTH opened at $30.96 on Friday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.11 and a beta of 1.10. The firm has a 50-day moving average price of $30.59 and a 200-day moving average price of $31.46. Hilltop Holdings Inc. has a twelve month low of $26.78 and a twelve month high of $35.66.

Hilltop (NYSE:HTHGet Free Report) last posted its earnings results on Friday, April 19th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. The firm had revenue of $285.24 million during the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.24%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, sell-side analysts expect that Hilltop Holdings Inc. will post 1.32 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.20%. Hilltop’s dividend payout ratio is currently 39.77%.

About Hilltop

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.