Hilltop Holdings Inc. (NYSE:HTH) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 289.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,484 shares of the financial services provider’s stock after purchasing an additional 65,016 shares during the period. Balyasny Asset Management L.P. owned approximately 0.13% of Hilltop worth $2,505,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Hilltop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider’s stock worth $154,116,000 after acquiring an additional 32,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hilltop by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 826,187 shares of the financial services provider’s stock worth $23,654,000 after acquiring an additional 32,127 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Hilltop by 85.4% during the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider’s stock worth $22,846,000 after acquiring an additional 367,564 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in Hilltop by 20.7% during the 4th quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock worth $14,959,000 after acquiring an additional 89,724 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Hilltop by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider’s stock worth $14,642,000 after acquiring an additional 30,861 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Stock Performance

Hilltop stock opened at $30.92 on Tuesday. The firm’s 50-day moving average is $29.74 and its 200-day moving average is $30.35. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32. The company has a market cap of $1.98 billion, a P/E ratio of 17.77 and a beta of 0.87.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (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 company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same period last year, the firm posted $0.42 EPS. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. Hilltop’s payout ratio is currently 36.55%.

Wall Street Analysts Forecast Growth

HTH has been the subject of several recent analyst reports. Raymond James raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th.

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.