Quantbot Technologies LP Buys Shares of 5,745 Hilltop Holdings Inc. (NYSE:HTH)

Quantbot Technologies LP purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) during the 3rd quarter, HoldingsChannel reports. The firm purchased 5,745 shares of the financial services provider’s stock, valued at approximately $185,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Hilltop by 187.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock valued at $16,443,000 after buying an additional 333,695 shares during the last quarter. Denali Advisors LLC acquired a new stake in Hilltop during the second quarter worth about $1,408,000. King Luther Capital Management Corp increased its stake in Hilltop by 43.2% during the second quarter. King Luther Capital Management Corp now owns 116,099 shares of the financial services provider’s stock valued at $3,632,000 after acquiring an additional 35,017 shares during the period. Versor Investments LP raised its holdings in 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 acquiring an additional 21,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $25,537,000 after acquiring an additional 19,936 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hilltop currently has a consensus rating of “Hold” and a consensus price target of $34.50.

Insider Activity

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. This represents a 21.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the sale, 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 currently owned by corporate insiders.

Hilltop Price Performance

Shares of NYSE:HTH opened at $31.33 on Friday. The business’s fifty day moving average price is $31.61 and its two-hundred day moving average price is $31.54. Hilltop Holdings Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $35.66. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.22 and a beta of 1.13.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $302.29 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Research analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s payout ratio is 41.72%.

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.