OMERS ADMINISTRATION Corp, a Canadian pension fund, has significantly increased its position in Hilltop Holdings Inc. (NYSE:HTH), according to its recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 118,600 shares of Hilltop’s stock, representing a 109.9% increase from the previous quarter. This acquisition brings OMERS ADMINISTRATION Corp’s ownership to approximately 0.18% of Hilltop’s total worth, equivalent to $3,519,000.
Hilltop, a financial services provider, recently released its quarterly earnings results on July 20th. The company reported earnings per share of $0.28 for the quarter, falling short of analysts’ consensus estimates by ($0.16). Despite this miss, Hilltop displayed a return on equity of 4.90% and a net margin of 6.90%. Its revenue for the quarter stood at $308.92 million, surpassing analysts’ expectations of $305.38 million.
Looking ahead, equities research analysts anticipate that Hilltop Holdings Inc. will report earnings per share of 1.49 for the current fiscal year.
While these figures provide insight into OMERS ADMINISTRATION Corp’s investment decisions and highlight recent developments within Hilltop Holdings Inc., it is essential to conduct thorough analysis and consider additional information before making investment decisions.
For more news and analysis on HTH and other companies within the financial sector, please refer to our latest reports and updates available on our platform.
Recent Developments and Analyst Perspectives on Hilltop Holdings Inc.
On September 3, 2023, Hilltop Holdings Inc., a financial services provider, saw a number of institutional investors and hedge funds modifying their holdings of the company. Vanguard Group Inc. increased its holdings in Hilltop by 1.7% during the first quarter, now owning over 6.5 million shares worth $192.6 million. State Street Corp also grew its holdings by 8.9%, now owning more than 3.5 million shares valued at $105 million.
Fuller & Thaler Asset Management Inc., another institutional investor, grew its holdings in Hilltop by a small percentage during the first quarter, while Jennison Associates LLC experienced a significant increase of 40.6%. Capital Research Global Investors also contributed to the growth by increasing its holdings by 5.9%. These institutional investors and hedge funds collectively own 54.29% of the company’s stock.
In terms of trading activity, shares of Hilltop stock traded up $0.44 on Friday, reaching $30.83 per share. Approximately 59,906 shares were exchanged during this session, compared to an average volume of 352,322 shares. Over the past year, the stock has fluctuated between a low of $24.18 and a high of $34.87.
With a market capitalization of $2.01 billion and a price-to-earnings ratio of 19.35, Hilltop Holdings Inc.’s performance attracts attention from investors looking for potential opportunities in the financial sector.
Furthermore, it is worth noting that Hilltop recently announced a quarterly dividend that was paid on August 25th to investors who held shares as of August 11th. The dividend amounted to $0.16 per share on an annualized basis with a yield of approximately 2.08%. The company’s dividend payout ratio (DPR) currently stands at around 40.76%.
In light of Hilltop’s recent developments, stockNews.com initiated coverage on the company with a “sell” rating on August 17th. Additionally, Stephens lowered their target price on Hilltop from $34.00 to $32.00 and gave an “equal weight” rating on the stock in a report released on July 24th. TheStreet also downgraded Hilltop from a “b-” rating to a “c+” rating in another report released on the same day.
These various perspectives and opinions from equities research analysts provide investors with additional insight and information as they make decisions regarding their investments in Hilltop Holdings Inc.