Inceptionr LLC Makes New $220,000 Investment in Hilltop Holdings Inc. (NYSE:HTH)

Inceptionr LLC bought a new position in Hilltop Holdings Inc. (NYSE:HTH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,669 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other hedge funds have also bought and sold shares of HTH. Venturi Wealth Management LLC purchased a new position in Hilltop in the 4th quarter worth about $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Hilltop during the 3rd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hilltop during the 3rd quarter valued at about $49,000. KBC Group NV increased its position in shares of Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,023 shares during the last quarter. Finally, FMR LLC increased its position in shares of Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Trading Down 3.1 %

Shares of NYSE:HTH opened at $30.68 on Tuesday. The stock has a 50 day moving average of $30.14 and a 200 day moving average of $31.09. The company has a market cap of $1.99 billion, a PE ratio of 17.63 and a beta of 1.14. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Equities research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.35%. Hilltop’s payout ratio is 41.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James lowered shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, Hilltop has a consensus rating of “Hold” and a consensus 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.