Versor Investments LP Makes New $394,000 Investment in Hilltop Holdings Inc. (NYSE:HTH)

Versor Investments LP bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,600 shares of the financial services provider’s stock, valued at approximately $394,000.

Several other hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of Hilltop by 7.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 315,185 shares of the financial services provider’s stock valued at $9,872,000 after acquiring an additional 21,771 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hilltop by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 5,239,587 shares of the financial services provider’s stock worth $184,486,000 after purchasing an additional 105,716 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Hilltop in the 1st quarter worth approximately $1,230,000. Quantbot Technologies LP bought a new position in shares of Hilltop during the first quarter valued at approximately $520,000. Finally, Quest Partners LLC purchased a new position in Hilltop during the fourth quarter valued at approximately $1,080,000. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the firm’s 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 transaction, the director now owns 544,979 shares of the company’s stock, valued at $17,978,857.21. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Hill A. Feinberg sold 17,157 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the transaction, the director now directly owns 544,979 shares of the company’s stock, valued at approximately $17,978,857.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Hill A. Feinberg sold 3,776 shares of Hilltop stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $29.91, for a total value of $112,940.16. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $299,100. The disclosure for this sale can be found here. 28.90% of the stock is owned by insiders.

Hilltop Stock Down 0.8 %

Shares of HTH opened at $32.20 on Thursday. Hilltop Holdings Inc. has a twelve month low of $26.78 and a twelve month high of $35.66. The company has a 50 day moving average of $32.03 and a two-hundred day moving average of $31.04. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 18.83 and a beta of 1.12.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $283.22 million. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. On average, sell-side analysts expect that Hilltop Holdings Inc. will post 1.36 EPS for the current year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, August 16th. Hilltop’s payout ratio is currently 39.77%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HTH shares. Keefe, Bruyette & Woods upped their target price on Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Stephens lifted their target price on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

Hilltop Company 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.