Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 91.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,207 shares of the financial services provider's stock after acquiring an additional 17,313 shares during the quarter. WINTON GROUP Ltd owned about 0.06% of Hilltop worth $1,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hilltop in the 3rd quarter valued at about $270,000. Intech Investment Management LLC purchased a new stake in shares of Hilltop in the third quarter valued at approximately $314,000. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 19,936 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Hilltop during the third quarter worth $575,000. Finally, Quantbot Technologies LP purchased a new position in Hilltop in the third quarter worth $185,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating for the company in a research report on Monday, February 3rd. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday.

Hilltop Price Performance

NYSE:HTH traded up $0.01 on Wednesday, reaching $30.37. The stock had a trading volume of 53,120 shares, compared to its average volume of 368,190. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 17.45 and a beta of 1.14. The firm's fifty day moving average is $30.97 and its two-hundred day moving average is $30.90.

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, beating 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Hilltop's previous quarterly dividend of $0.17. Hilltop's dividend payout ratio is currently 41.38%.

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.