Quantbot Technologies LP Makes New Investment in Hilltop Holdings Inc. $HTH

Quantbot Technologies LP bought a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,820 shares of the financial services provider’s stock, valued at approximately $632,000.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hilltop during the 2nd quarter worth approximately $363,000. CWM LLC boosted its stake in shares of Hilltop by 404.7% in the second quarter. CWM LLC now owns 14,188 shares of the financial services provider’s stock valued at $431,000 after buying an additional 11,377 shares during the period. Russell Investments Group Ltd. grew its position in Hilltop by 26.6% during the first quarter. Russell Investments Group Ltd. now owns 48,434 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 10,183 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Hilltop by 11.2% during the second quarter. Harbor Capital Advisors Inc. now owns 17,885 shares of the financial services provider’s stock worth $543,000 after buying an additional 1,802 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Hilltop by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 821 shares during the period. 57.13% of the stock is owned by institutional investors.

Hilltop Stock Up 2.4%

Shares of HTH stock opened at $35.33 on Thursday. The business has a fifty day simple moving average of $33.27 and a 200 day simple moving average of $32.33. The company has a market cap of $2.17 billion, a P/E ratio of 14.07 and a beta of 0.94. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $36.13.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.49 by $0.25. The firm had revenue of $330.20 million during the quarter, compared to the consensus estimate of $309.68 million. Hilltop had a return on equity of 7.18% and a net margin of 9.86%.During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.72 annualized dividend and a yield of 2.0%. Hilltop’s dividend payout ratio is presently 28.69%.

Insiders Place Their Bets

In other Hilltop news, CAO Keith E. Bornemann sold 2,200 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total transaction of $77,000.00. Following the sale, the chief accounting officer owned 8,692 shares of the company’s stock, valued at approximately $304,220. The trade was a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 29.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HTH has been the subject of a number of recent analyst reports. Stephens upped their target price on Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Zacks Research cut shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Hilltop currently has an average rating of “Hold” and an average price target of $34.00.

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.