Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,203 shares of the financial services provider's stock after purchasing an additional 8,810 shares during the period. AlphaQuest LLC owned approximately 0.09% of Hilltop worth $1,638,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Hilltop during the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC purchased a new position in Hilltop during the fourth quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hilltop in the third quarter valued at approximately $49,000. KBC Group NV boosted its position in Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,023 shares in the last quarter. Finally, FMR LLC boosted its position in Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after purchasing an additional 885 shares in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HTH has been the subject of several analyst reports. Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lowered their target price on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $34.00.

Remove Ads

Hilltop Stock Performance

Shares of HTH traded down $0.12 during mid-day trading on Thursday, hitting $30.28. 171,931 shares of the company were exchanged, compared to its average volume of 308,509. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 17.40 and a beta of 1.14. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The company has a 50 day moving average of $30.25 and a 200-day moving average of $31.06.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The firm 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 is a positive change from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.38%. Hilltop's payout ratio is presently 41.38%.

Hilltop Company 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.