Monument Group Wealth Advisors LLC Purchases Shares of 11,557 Hilltop Holdings Inc. (NYSE:HTH)

Monument Group Wealth Advisors LLC purchased a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,557 shares of the financial services provider’s stock, valued at approximately $331,000.

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Hilltop by 11.5% in the 2nd quarter. Victory Capital Management Inc. now owns 24,766 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 2,545 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Hilltop by 14.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 56,208 shares of the financial services provider’s stock worth $1,758,000 after purchasing an additional 6,921 shares during the period. King Luther Capital Management Corp grew its stake in Hilltop by 43.2% in the 2nd quarter. King Luther Capital Management Corp now owns 116,099 shares of the financial services provider’s stock valued at $3,632,000 after acquiring an additional 35,017 shares during the period. Public Sector Pension Investment Board grew its stake in Hilltop by 7.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,926 shares of the financial services provider’s stock valued at $3,188,000 after acquiring an additional 7,102 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Hilltop by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,416 shares of the financial services provider’s stock valued at $826,000 after acquiring an additional 913 shares during the period. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Trading Up 0.8 %

HTH stock traded up $0.22 during trading on Friday, hitting $28.84. 238,143 shares of the company’s stock were exchanged, compared to its average volume of 302,888. The business has a 50-day moving average price of $30.32 and a two-hundred day moving average price of $31.34. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The company had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Wall Street Analysts Forecast Growth

HTH has been the topic of a number of research reports. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James downgraded Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hilltop from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.50.

Insider Transactions at Hilltop

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. This represents a 21.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the sale, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.30% of the company’s stock.

Hilltop 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.