Edgestream Partners L.P. Acquires Shares of 36,347 Hilltop Holdings Inc. (NYSE:HTH)

Edgestream Partners L.P. bought a new position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,347 shares of the financial services provider's stock, valued at approximately $1,041,000. Edgestream Partners L.P. owned 0.06% of Hilltop as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Versor Investments LP raised its holdings in Hilltop by 171.4% during the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider's stock worth $1,100,000 after buying an additional 21,600 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Hilltop by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider's stock worth $836,000 after acquiring an additional 1,218 shares during the last quarter. Empowered Funds LLC lifted its position in Hilltop by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 189,856 shares of the financial services provider's stock valued at $6,106,000 after acquiring an additional 9,648 shares in the last quarter. Quest Partners LLC boosted its stake in Hilltop by 61.4% during the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock valued at $1,556,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hilltop during the 3rd quarter worth approximately $270,000. 57.13% of the stock is currently owned by institutional investors.

Hilltop Stock Down 1.2 %

HTH stock opened at $30.25 on Wednesday. The firm has a market cap of $1.96 billion, a PE ratio of 17.39 and a beta of 1.14. The business has a 50 day moving average of $30.19 and a 200-day moving average of $31.08. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.

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Hilltop (NYSE:HTH - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) 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%. On average, research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.38%. This is a boost from Hilltop's previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 13th. Hilltop's payout ratio is presently 41.38%.

Wall Street Analyst Weigh In

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

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.

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