Trexquant Investment LP Invests $1.28 Million in Hilltop Holdings Inc. (NYSE:HTH)

Trexquant Investment LP purchased a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,764 shares of the financial services provider's stock, valued at approximately $1,282,000. Trexquant Investment LP owned approximately 0.07% of Hilltop as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in Hilltop by 53.1% in the 3rd quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock worth $2,280,000 after buying an additional 24,591 shares during the last quarter. State Street Corp boosted its stake in shares of Hilltop by 4.4% in the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock valued at $82,594,000 after purchasing an additional 107,348 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hilltop by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock valued at $33,991,000 after purchasing an additional 17,477 shares during the last quarter. Empowered Funds LLC raised its position in Hilltop by 5.1% in the 4th quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock worth $5,712,000 after purchasing an additional 9,672 shares during the period. Finally, Edge Capital Group LLC bought a new stake in Hilltop in the fourth quarter worth $335,000. Institutional investors own 57.13% of the company's stock.

Hilltop Trading Up 1.6 %

NYSE HTH traded up $0.45 on Tuesday, hitting $28.87. The company's stock had a trading volume of 18,095 shares, compared to its average volume of 337,960. The firm has a market cap of $1.87 billion, a P/E ratio of 16.58 and a beta of 1.00. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32. The company's 50-day simple moving average is $30.70 and its 200 day simple moving average is $30.62.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. On average, research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. This is a boost from Hilltop's previous quarterly dividend of $0.17. Hilltop's payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HTH. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective on Hilltop from $35.00 to $34.00 and set a "market perform" rating for the company in a research note on Monday, February 3rd.

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.