Jane Street Group LLC raised its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 53.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,905 shares of the financial services provider's stock after buying an additional 24,591 shares during the quarter. Jane Street Group LLC owned 0.11% of Hilltop worth $2,280,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Hilltop during the third quarter worth $49,000. Innealta Capital LLC acquired a new position in shares of Hilltop during the second quarter valued at about $69,000. FMR LLC grew its stake in shares of Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock valued at $106,000 after buying an additional 885 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Hilltop in the 3rd quarter valued at about $185,000. Finally, Beese Fulmer Investment Management Inc. bought a new stake in Hilltop in the 3rd quarter valued at about $203,000. 57.13% of the stock is currently owned by institutional investors.
NYSE HTH opened at $28.93 on Tuesday. The business has a fifty day simple moving average of $31.51 and a 200 day simple moving average of $31.54. Hilltop Holdings Inc. has a 12 month low of $28.44 and a 12 month high of $35.66. The firm has a market capitalization of $1.88 billion, a P/E ratio of 17.75 and a beta of 1.13.
Hilltop (NYSE:HTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS 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 company had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop's dividend payout ratio is presently 41.72%.
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Hilltop from $34.00 to $35.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Raymond James downgraded shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $34.50.
View Our Latest Report on Hilltop
In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total value of $1,006,051.11. Following 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 disclosure for this sale can be found here. 29.30% of the stock is currently owned by company insiders.
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.
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