Illinois Municipal Retirement Fund Has $748,000 Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Illinois Municipal Retirement Fund lifted its position in Hilltop Holdings Inc. (NYSE:HTH) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,552 shares of the financial services provider’s stock after acquiring an additional 495 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hilltop were worth $748,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. raised its position in shares of Hilltop by 4.8% in the 4th quarter. Benjamin Edwards Inc. now owns 8,737 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hilltop by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,484 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 989 shares during the period. Legal & General Group Plc raised its position in shares of Hilltop by 0.8% in the 4th quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider’s stock valued at $3,855,000 after acquiring an additional 1,040 shares during the period. Sterling Capital Management LLC increased its stake in Hilltop by 827.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,332 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Hilltop by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 28,369 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 1,556 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on HTH shares. Raymond James Financial raised Hilltop from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th.

Hilltop Stock Performance

NYSE HTH opened at $31.60 on Thursday. The business has a 50 day simple moving average of $29.99 and a 200 day simple moving average of $29.92. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 16.04 and a beta of 0.87.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.37. The company had revenue of $318.46 million during the quarter, compared to analysts’ expectations of $290.68 million. Hilltop had a net margin of 7.87% and a return on equity of 5.79%. During the same period last year, the business earned $0.42 EPS. On average, analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.28%. Hilltop’s dividend payout ratio is currently 36.55%.

About Hilltop

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.