Keeley Teton Advisors LLC trimmed its position in Hilltop Holdings Inc. (NYSE:HTH) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,094,350 shares of the financial services provider’s stock after selling 302,442 shares during the quarter. Hilltop comprises approximately 1.5% of Keeley Teton Advisors LLC’s holdings, making the stock its 11th largest position. Keeley Teton Advisors LLC owned 1.14% of Hilltop worth $28,453,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of HTH. Renaissance Technologies LLC acquired a new stake in shares of Hilltop in the first quarter worth $1,769,000. Russell Investments Group Ltd. raised its stake in Hilltop by 34.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,194 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 9,045 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in Hilltop by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock valued at $2,084,000 after purchasing an additional 244 shares during the last quarter. Trexquant Investment LP acquired a new position in Hilltop during the 2nd quarter valued at $485,000. Finally, First Trust Advisors LP raised its stake in Hilltop by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 74,466 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 57,170 shares during the last quarter. Institutional investors and hedge funds own 56.50% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. UBS cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $30.00 target price on shares of Hilltop in a research note on Friday, September 1st. ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.30.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, November 14th. Hilltop’s dividend payout ratio is 15.29%.
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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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