Point72 Asia Singapore Pte. Ltd. Invests $49,000 in Hilltop Holdings Inc. (NYSE:HTH)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hilltop Holdings Inc. (NYSE:HTH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,508 shares of the financial services provider’s stock, valued at approximately $49,000.

Several other hedge funds also recently added to or reduced their stakes in HTH. Quest Partners LLC increased its position in shares of Hilltop by 61.4% during the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock valued at $1,556,000 after acquiring an additional 18,415 shares during the last quarter. Versor Investments LP increased 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 purchasing an additional 21,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hilltop by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock valued at $25,537,000 after purchasing an additional 19,936 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Hilltop during the third quarter worth $575,000. Finally, Assenagon Asset Management S.A. lifted its stake in Hilltop by 187.9% during the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after purchasing an additional 333,695 shares in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HTH. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Hilltop from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.50.

Hilltop Trading Up 1.6 %

Hilltop stock opened at $31.83 on Friday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 19.53 and a beta of 1.13. The stock’s fifty day simple moving average is $31.62 and its 200-day simple moving average is $31.54. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66.

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

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.14%. Hilltop’s dividend payout ratio is currently 41.72%.

Insider Buying and Selling at Hilltop

In related news, CEO Martin Bradley Winges sold 30,851 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the sale, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 9,124 shares in the company, valued at $291,968. This represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.30% of the company’s stock.

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.