Keeley Teton Advisors LLC Lowers Stake in Hilltop Holdings Inc. (HTH)

Keeley Teton Advisors LLC lowered its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 21.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,094,350 shares of the financial services provider’s stock after selling 302,442 shares during the period. Hilltop accounts for approximately 1.5% of Keeley Teton Advisors LLC’s portfolio, 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hilltop by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 348 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Hilltop by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 994 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hilltop during the 2nd quarter valued at $241,000. Principal Financial Group Inc. lifted its holdings in Hilltop by 2.1% during the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Hilltop by 0.8% during the 2nd quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 56.50% of the company’s stock.

Shares of Hilltop Holdings Inc. (NYSE:HTH) traded up $0.02 on Friday, reaching $23.91. The company’s stock had a trading volume of 434,700 shares, compared to its average volume of 339,076. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $30.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market capitalization of $2,291.30, a price-to-earnings ratio of 15.22 and a beta of 1.04.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, November 14th. Hilltop’s dividend payout ratio (DPR) is presently 15.29%.

Several equities research analysts have issued reports on HTH shares. ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $30.00 target price on shares of Hilltop in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop in a research report on Tuesday, September 12th. Finally, Zacks Investment Research cut Hilltop from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.30.

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About Hilltop

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).

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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