Hilltop Holdings Inc. $HTH Stock Position Lowered by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its position in Hilltop Holdings Inc. (NYSE:HTH) by 41.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,790 shares of the financial services provider’s stock after selling 98,698 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Hilltop were worth $4,638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in Hilltop by 236.4% in the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider’s stock valued at $14,044,000 after acquiring an additional 324,108 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Hilltop by 364.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 360,551 shares of the financial services provider’s stock valued at $10,943,000 after purchasing an additional 282,852 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Hilltop by 106.9% in the 3rd quarter. Two Sigma Investments LP now owns 493,802 shares of the financial services provider’s stock worth $16,503,000 after purchasing an additional 255,141 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Hilltop in the 3rd quarter worth approximately $8,337,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Hilltop by 37.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider’s stock worth $23,788,000 after purchasing an additional 194,287 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Hilltop Price Performance

Shares of HTH opened at $35.52 on Thursday. The company has a 50-day moving average of $37.15 and a two-hundred day moving average of $34.98. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 13.40 and a beta of 0.92. Hilltop Holdings Inc. has a one year low of $27.35 and a one year high of $40.41.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.23. The business had revenue of $217.40 million for the quarter, compared to analyst estimates of $300.15 million. Hilltop had a net margin of 10.19% and a return on equity of 7.47%. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.20 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.80 annualized dividend and a yield of 2.3%. Hilltop’s dividend payout ratio (DPR) is presently 30.19%.

Insider Activity

In other news, major shareholder Gerald J. Ford sold 259,771 shares of Hilltop stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $37.98, for a total transaction of $9,866,102.58. Following the transaction, the insider owned 7,867 shares in the company, valued at approximately $298,788.66. The trade was a 97.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martin Bradley Winges sold 26,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $38.46, for a total value of $999,960.00. Following the transaction, the chief executive officer directly owned 65,831 shares in the company, valued at $2,531,860.26. The trade was a 28.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 294,796 shares of company stock worth $11,225,619 over the last quarter. Corporate insiders own 29.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HTH shares. Zacks Research cut shares of Hilltop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a research report on Thursday, January 22nd. Wall Street Zen raised Hilltop from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.50.

Hilltop Profile

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.