31,847 Shares in Hilltop Holdings Inc. $HTH Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Hilltop Holdings Inc. (NYSE:HTHFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 31,847 shares of the financial services provider’s stock, valued at approximately $1,064,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HTH. Hantz Financial Services Inc. bought a new stake in shares of Hilltop during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 918 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Hilltop by 141.8% during the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 821 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Hilltop in the second quarter valued at about $218,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Hilltop by 77.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,805 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 3,416 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilltop

In related news, CAO Keith E. Bornemann sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $35.00, for a total transaction of $77,000.00. Following the completion of the transaction, the chief accounting officer owned 8,692 shares in the company, valued at $304,220. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 29.90% of the stock is owned by company insiders.

Hilltop Price Performance

Shares of HTH stock opened at $37.43 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 14.12 and a beta of 0.91. The stock has a fifty day moving average price of $35.02 and a 200 day moving average price of $33.61. Hilltop Holdings Inc. has a one year low of $27.35 and a one year high of $38.74.

Hilltop (NYSE:HTHGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.23. The company had revenue of $217.40 million during the quarter, compared to the consensus estimate of $300.15 million. Hilltop had a net margin of 10.19% and a return on equity of 7.45%. During the same period last year, the firm earned $0.55 EPS. Equities research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Hilltop’s previous quarterly dividend of $0.18. Hilltop’s payout ratio is currently 28.69%.

More Hilltop News

Here are the key news stories impacting Hilltop this week:

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a research report on Thursday, January 22nd. Zacks Research raised shares of Hilltop from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Finally, Stephens raised their price target on shares of Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hilltop currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Get Our Latest Research Report on Hilltop

Hilltop Profile

(Free Report)

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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