Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its position in Hilltop Holdings Inc. (NYSE:HTH) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,768 shares of the financial services provider’s stock after acquiring an additional 14,215 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Hilltop worth $1,969,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its position in Hilltop by 19.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 345,549 shares of the financial services provider’s stock worth $9,893,000 after buying an additional 57,429 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Hilltop by 158.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider’s stock worth $4,388,000 after acquiring an additional 94,073 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Hilltop by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 351,528 shares of the financial services provider’s stock valued at $10,064,000 after acquiring an additional 9,672 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in Hilltop during the fourth quarter worth $279,000. Finally, Caxton Associates LP purchased a new position in Hilltop during the fourth quarter worth $289,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Down 0.5%

HTH stock opened at $29.58 on Friday. The company has a 50-day simple moving average of $29.67 and a 200 day simple moving average of $30.33. The company has a market capitalization of $1.90 billion, a P/E ratio of 17.00 and a beta of 0.87. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The business had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 annualized dividend and a yield of 2.43%. Hilltop’s dividend payout ratio (DPR) is currently 36.55%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HTH. Keefe, Bruyette & Woods reduced their target price on Hilltop from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

Hilltop 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.