Hilltop Holdings Inc. $HTH Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its position in Hilltop Holdings Inc. (NYSE:HTH) by 370.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,867 shares of the financial services provider’s stock after acquiring an additional 46,360 shares during the period. AlphaQuest LLC owned approximately 0.09% of Hilltop worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Hilltop by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 821 shares during the period. SouthState Corp acquired a new stake in shares of Hilltop in the 1st quarter worth $56,000. CWM LLC lifted its stake in shares of Hilltop by 134.4% in the 1st quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,612 shares during the period. KBC Group NV lifted its stake in shares of Hilltop by 18.7% in the 1st quarter. KBC Group NV now owns 3,111 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 490 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Hilltop in the 1st quarter worth $170,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Ratings Changes

HTH has been the subject of several recent analyst reports. Zacks Research upgraded shares of Hilltop from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Wall Street Zen upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Hilltop currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In other Hilltop news, Chairman Jonathan S. Sobel bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $35.36 per share, for a total transaction of $353,600.00. Following the acquisition, the chairman owned 127,429 shares of the company’s stock, valued at $4,505,889.44. The trade was a 8.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steve B. Thompson sold 11,687 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $31.09, for a total transaction of $363,348.83. Following the transaction, the chief executive officer owned 109,638 shares of the company’s stock, valued at $3,408,645.42. This trade represents a 9.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 60,000 shares of company stock valued at $2,022,800 over the last 90 days. 29.90% of the stock is currently owned by insiders.

Hilltop Stock Up 4.6%

Shares of HTH opened at $33.93 on Friday. The company has a 50-day simple moving average of $33.73 and a 200-day simple moving average of $31.35. The company has a market capitalization of $2.14 billion, a PE ratio of 13.52 and a beta of 0.87. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $36.13.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.25. Hilltop had a net margin of 9.86% and a return on equity of 7.17%. The business had revenue of $330.20 million during the quarter, compared to the consensus estimate of $309.68 million. During the same quarter last year, the firm posted $0.46 EPS. On average, research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, November 7th. Hilltop’s dividend payout ratio (DPR) is 32.29%.

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.