Hilltop Holdings Inc. $HTH Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 364.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 360,551 shares of the financial services provider’s stock after acquiring an additional 282,852 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.57% of Hilltop worth $10,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new stake in Hilltop in the 2nd quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Hilltop by 141.8% in the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after buying an additional 821 shares during the last quarter. SouthState Corp purchased a new position in shares of Hilltop in the first quarter worth $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Hilltop during the first quarter worth $170,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hilltop during the second quarter valued at $218,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HTH shares. Stephens raised their target price on Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Zacks Research downgraded Hilltop from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hilltop has a consensus rating of “Hold” and a consensus price target of $34.00.

Hilltop Stock Performance

Shares of HTH opened at $34.47 on Wednesday. The stock has a 50 day moving average price of $33.23 and a 200 day moving average price of $32.31. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.73 and a beta of 0.94. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $36.13.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.49 by $0.25. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $309.68 million. Hilltop had a return on equity of 7.18% and a net margin of 9.86%.During the same quarter in the previous year, the firm earned $0.46 EPS. On average, analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, November 7th. Hilltop’s dividend payout ratio (DPR) is presently 28.69%.

Insider Transactions at Hilltop

In related news, CAO Keith E. Bornemann sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $35.00, for a total transaction of $77,000.00. Following the completion of the sale, the chief accounting officer owned 8,692 shares in the company, valued at $304,220. The trade was a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.90% of the stock is owned by company insiders.

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.