Quantbot Technologies LP Purchases 24,380 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Quantbot Technologies LP grew its position in Hilltop Holdings Inc. (NYSE:HTH) by 424.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,125 shares of the financial services provider’s stock after buying an additional 24,380 shares during the period. Quantbot Technologies LP’s holdings in Hilltop were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in Hilltop by 53.1% during the third quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider’s stock worth $2,280,000 after purchasing an additional 24,591 shares during the period. State Street Corp lifted its position in shares of 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 buying an additional 107,348 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $33,991,000 after acquiring an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hilltop by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock valued at $25,537,000 after acquiring an additional 19,936 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Hilltop by 5.1% during 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HTH has been the topic of several research analyst reports. Raymond James lowered shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lowered their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd.

Hilltop Stock Performance

HTH opened at $31.17 on Thursday. The stock has a fifty day moving average of $30.83 and a 200-day moving average of $30.93. The company has a market capitalization of $2.02 billion, a P/E ratio of 17.91 and a beta of 1.14. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32.

Hilltop (NYSE:HTH) last issued its quarterly earnings data 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 net margin of 7.04% and a return on equity of 5.18%. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a $0.18 dividend. This is a boost from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, February 13th. Hilltop’s payout ratio is 41.38%.

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.