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

Quantbot Technologies LP grew its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 424.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors have also added to or reduced their stakes in HTH. State Street Corp increased its position 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 valued at $82,594,000 after buying an additional 107,348 shares during the period. Geode Capital Management LLC boosted its position in Hilltop by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock valued at $33,991,000 after acquiring an additional 17,477 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hilltop by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider's stock worth $23,654,000 after acquiring an additional 32,127 shares during the period. Janus Henderson Group PLC raised its position in shares of Hilltop by 90.5% in the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider's stock worth $19,043,000 after acquiring an additional 281,230 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 89,724 shares during the period. 57.13% of the stock is currently owned by institutional investors.

Hilltop Stock Performance

Shares of HTH traded down $0.57 during mid-day trading on Friday, reaching $30.45. The company had a trading volume of 175,884 shares, compared to its average volume of 327,070. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.50 and a beta of 1.14. The firm has a 50-day moving average price of $30.91 and a 200 day moving average price of $30.92. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32.

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

Hilltop Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.