Quest Partners LLC Acquires 18,415 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Quest Partners LLC boosted its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 61.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,393 shares of the financial services provider’s stock after buying an additional 18,415 shares during the period. Quest Partners LLC owned approximately 0.07% of Hilltop worth $1,556,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Hilltop by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 189,856 shares of the financial services provider’s stock worth $6,106,000 after acquiring an additional 9,648 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hilltop by 4.9% during the third quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 1,218 shares in the last quarter. Versor Investments LP boosted its holdings in shares of Hilltop by 171.4% in the 3rd quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock valued at $1,100,000 after buying an additional 21,600 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Hilltop by 11.4% in the third quarter. QRG Capital Management Inc. now owns 63,222 shares of the financial services provider’s stock worth $2,033,000 after purchasing an additional 6,487 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Hilltop by 5.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,794 shares of the financial services provider’s stock worth $444,000 after buying an additional 769 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

NYSE:HTH opened at $31.73 on Wednesday. The stock has a 50 day moving average price of $31.74 and a 200 day moving average price of $31.52. The stock has a market cap of $2.06 billion, a PE ratio of 19.47 and a beta of 1.14. Hilltop Holdings Inc. has a one year low of $28.58 and a one year high of $35.66.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The business had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter in the prior year, the company posted $0.57 EPS. As a group, analysts predict that Hilltop Holdings Inc. will post 1.46 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, November 8th. Hilltop’s dividend payout ratio is presently 41.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Stephens upped their target price on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.50.

Insider Activity at Hilltop

In related news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This represents a 28.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now owns 544,979 shares in the company, valued at approximately $17,978,857.21. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.30% of the stock is owned by insiders.

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.