Edge Capital Group LLC Takes Position in Hilltop Holdings Inc. (NYSE:HTH)

Edge Capital Group LLC purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,711 shares of the financial services provider's stock, valued at approximately $335,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Hilltop by 4.4% during the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock worth $82,594,000 after buying an additional 107,348 shares in the last quarter. Geode Capital Management LLC boosted its position in Hilltop by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock worth $33,991,000 after acquiring an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hilltop by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider's stock valued at $25,537,000 after acquiring an additional 19,936 shares in the last quarter. Janus Henderson Group PLC grew its stake in Hilltop by 90.5% during the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider's stock valued at $19,043,000 after acquiring an additional 281,230 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Hilltop by 20.7% in the 4th quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock valued at $14,959,000 after acquiring an additional 89,724 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Price Performance

Shares of HTH stock opened at $31.01 on Tuesday. The firm's 50-day moving average is $29.69 and its two-hundred day moving average is $31.03. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The company has a market capitalization of $2.01 billion, a PE ratio of 17.82 and a beta of 1.14.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating 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%. Sell-side analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, February 13th. This is a positive change from Hilltop's previous quarterly dividend of $0.17. Hilltop's dividend payout ratio is 41.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HTH. Keefe, Bruyette & Woods lowered their target price on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a report on Monday, February 3rd. Raymond James lowered Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Hilltop has a consensus rating of "Hold" and an average price target of $34.00.

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.

Want to see what other hedge funds are holding HTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilltop Holdings Inc. (NYSE:HTH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.