Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,056,739 shares of the financial services provider’s stock after buying an additional 17,477 shares during the period. Geode Capital Management LLC’s holdings in Hilltop were worth $33,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of Hilltop by 61.4% in the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,415 shares in the last quarter. State Street Corp increased its holdings in Hilltop by 4.4% during the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock worth $82,594,000 after purchasing an additional 107,348 shares during the last quarter. Versor Investments LP raised its position 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 purchasing an additional 21,600 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Hilltop by 53.1% during the 3rd quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider’s stock valued at $2,280,000 after buying an additional 24,591 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 19,936 shares in the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Performance

Shares of NYSE:HTH opened at $29.15 on Thursday. The company’s fifty day moving average is $31.45 and its two-hundred day moving average is $31.53. Hilltop Holdings Inc. has a 1-year low of $28.44 and a 1-year high of $35.66. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.88 and a beta of 1.13.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $411.49 million for the quarter, compared to analysts’ expectations of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same quarter last year, the company posted $0.57 earnings per share. Sell-side analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. Hilltop’s payout ratio is currently 41.72%.

Insiders Place Their Bets

In other news, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Raymond James downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

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.