Quantbot Technologies LP Raises Stake in Hilltop Holdings Inc. (NYSE:HTH)

Quantbot Technologies LP increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 424.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,125 shares of the financial services provider's stock after purchasing an additional 24,380 shares during the quarter. Quantbot Technologies LP's holdings in Hilltop were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in shares of Hilltop by 53.1% during the 3rd quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock worth $2,280,000 after buying an additional 24,591 shares during the last quarter. State Street Corp boosted its stake in Hilltop by 4.4% in the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock valued at $82,594,000 after acquiring an additional 107,348 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hilltop by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider's stock worth $25,537,000 after purchasing an additional 19,936 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Hilltop by 5.1% in the 4th quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock valued at $5,712,000 after purchasing an additional 9,672 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

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Hilltop Stock Performance

Hilltop stock traded down $0.57 during mid-day trading on Friday, reaching $30.45. 175,884 shares of the company were exchanged, compared to its average volume of 327,070. The firm's 50-day simple moving average is $30.91 and its two-hundred day simple moving average is $30.93. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The firm has a market cap of $1.98 billion, a PE ratio of 17.50 and a beta of 1.14.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of $0.18 per share. This is a boost from Hilltop's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, February 13th. Hilltop's dividend payout ratio is currently 41.38%.

Analyst Ratings Changes

Several research firms have commented on HTH. Keefe, Bruyette & Woods cut their price target on Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research report on Monday, February 3rd. Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, December 19th.

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.