Geode Capital Management LLC Acquires 17,477 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Geode Capital Management LLC raised its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,056,739 shares of the financial services provider's stock after buying an additional 17,477 shares during the period. Geode Capital Management LLC owned about 1.63% of Hilltop worth $33,991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop during the third quarter valued at about $49,000. Innealta Capital LLC purchased a new stake in Hilltop in the 2nd quarter worth approximately $69,000. FMR LLC lifted its holdings 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 buying an additional 885 shares during the period. Quantbot Technologies LP purchased a new position in shares of Hilltop during the third quarter valued at approximately $185,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in shares of Hilltop during the third quarter valued at approximately $203,000. 57.13% of the stock is owned by institutional investors.

Hilltop Stock Up 0.4 %

HTH traded up $0.12 during midday trading on Thursday, reaching $29.27. The company had a trading volume of 182,739 shares, compared to its average volume of 315,176. The business has a 50-day moving average of $31.38 and a two-hundred day moving average of $31.52. The company has a market cap of $1.90 billion, a P/E ratio of 17.96 and a beta of 1.13. Hilltop Holdings Inc. has a 1 year low of $28.44 and a 1 year high of $35.66.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.09. The business had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period in the prior year, the business posted $0.57 earnings per share. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.32%. Hilltop's dividend payout ratio is currently 41.72%.

Insider Buying and Selling at Hilltop

In other Hilltop news, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the transaction, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Keith E. Bornemann sold 2,500 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. This trade represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HTH. StockNews.com upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods lifted their target price on Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $34.50.

Hilltop 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.