Jane Street Group LLC Acquires 24,591 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Jane Street Group LLC increased its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 53.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,905 shares of the financial services provider's stock after acquiring an additional 24,591 shares during the quarter. Jane Street Group LLC owned 0.11% of Hilltop worth $2,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Hilltop by 4.4% in 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 19,936 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Hilltop by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider's stock worth $24,832,000 after buying an additional 16,426 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Hilltop by 90.5% during the third quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider's stock worth $19,043,000 after buying an additional 281,230 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Hilltop by 187.9% in the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider's stock valued at $16,443,000 after acquiring an additional 333,695 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Price Performance

Shares of HTH stock traded up $0.22 during trading hours on Tuesday, reaching $29.15. The company had a trading volume of 98,398 shares, compared to its average volume of 315,710. Hilltop Holdings Inc. has a 1-year low of $28.44 and a 1-year high of $35.66. The company has a 50 day moving average of $31.45 and a 200 day moving average of $31.53. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 17.88 and a beta of 1.13.

Hilltop (NYSE:HTH - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. The company had revenue of $411.49 million for 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 last year, the business posted $0.57 earnings per share. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 2.33%. Hilltop's dividend payout ratio (DPR) is currently 41.72%.

Insider Buying and Selling at Hilltop

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HTH shares. Keefe, Bruyette & Woods increased their price target on Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised Hilltop from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, Raymond James lowered Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, Hilltop currently has an average rating of "Hold" and a consensus price target of $34.50.

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.