23,862 Shares in Hilltop Holdings Inc. (NYSE:HTH) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,862 shares of the financial services provider’s stock, valued at approximately $683,000.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in Hilltop in the fourth quarter valued at about $27,000. Sterling Capital Management LLC grew its stake in shares of Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,332 shares during the period. KBC Group NV raised its holdings in shares of Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,023 shares in the last quarter. Olympiad Research LP bought a new position in shares of Hilltop during the 4th quarter worth approximately $210,000. Finally, Inceptionr LLC acquired a new stake in Hilltop in the 4th quarter valued at $220,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HTH shares. Keefe, Bruyette & Woods cut their price objective on Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.

Hilltop Stock Performance

Shares of HTH stock opened at $30.25 on Friday. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The stock has a market capitalization of $1.94 billion, a PE ratio of 17.39 and a beta of 0.87. The stock’s fifty day moving average is $29.75 and its 200-day moving average is $30.35.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The firm had revenue of $318.46 million for the quarter, compared to analyst estimates of $290.68 million. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop’s dividend payout ratio is 36.55%.

Hilltop Company 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.