Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its stake in Hilltop Holdings Inc. (NYSE:HTH) by 61.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,393 shares of the financial services provider’s stock after purchasing an additional 18,415 shares during the quarter. Quest Partners LLC’s holdings in Hilltop were worth $1,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HTH. Empowered Funds LLC grew its position in Hilltop by 5.4% during the third quarter. Empowered Funds LLC now owns 189,856 shares of the financial services provider’s stock worth $6,106,000 after buying an additional 9,648 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Hilltop by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider’s stock worth $836,000 after acquiring an additional 1,218 shares in the last quarter. Versor Investments LP grew its holdings in shares of Hilltop by 171.4% in the 3rd quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock worth $1,100,000 after acquiring an additional 21,600 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Hilltop by 11.4% in the 3rd quarter. QRG Capital Management Inc. now owns 63,222 shares of the financial services provider’s stock worth $2,033,000 after acquiring an additional 6,487 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Hilltop by 5.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,794 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 769 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Stock Down 0.2 %

NYSE HTH opened at $31.73 on Wednesday. Hilltop Holdings Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $35.66. The business has a fifty day moving average of $31.74 and a 200-day moving average of $31.52. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 19.47 and a beta of 1.14.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating 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 firm had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the company posted $0.57 EPS. As a group, analysts anticipate that Hilltop Holdings Inc. will post 1.46 EPS for the current year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, November 8th. Hilltop’s payout ratio is 41.72%.

Insider Buying and Selling

In related news, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 77,748 shares in the company, valued at approximately $2,535,362.28. This represents a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now owns 544,979 shares of the company’s stock, valued at $17,978,857.21. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is owned by company insiders.

Analyst Ratings Changes

HTH has been the topic of several research reports. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Stephens increased their price objective on shares of Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hilltop presently has a consensus rating of “Hold” and a consensus price target of $34.50.

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.