Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by State Street Corp

State Street Corp grew its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,568,227 shares of the financial services provider's stock after purchasing an additional 107,348 shares during the quarter. State Street Corp owned approximately 3.95% of Hilltop worth $82,594,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new stake in Hilltop during the 2nd quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop during the third quarter valued at $49,000. Innealta Capital LLC acquired a new stake in shares of Hilltop during the second quarter valued at $69,000. FMR LLC increased its position in Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after purchasing an additional 885 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Hilltop in the 3rd quarter valued at about $185,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HTH. Keefe, Bruyette & Woods lifted their price target on shares of Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.50.

Hilltop Trading Down 2.2 %

HTH traded down $0.70 during midday trading on Tuesday, hitting $31.07. The company's stock had a trading volume of 367,590 shares, compared to its average volume of 312,839. Hilltop Holdings Inc. has a 52-week low of $28.58 and a 52-week high of $35.66. The firm has a 50-day moving average price of $31.67 and a two-hundred day moving average price of $31.58. The firm has a market cap of $2.02 billion, a P/E ratio of 19.06 and a beta of 1.13.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.09. The firm had revenue of $411.49 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.57 earnings per share. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop's dividend payout ratio (DPR) is currently 41.72%.

Insider Activity at Hilltop

In related news, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 77,748 shares in the company, valued at approximately $2,535,362.28. This represents a 28.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. This represents a 21.51 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is owned by insiders.

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.