Occudo Quantitative Strategies LP Makes New $207,000 Investment in Hilltop Holdings Inc. (NYSE:HTH)

Occudo Quantitative Strategies LP bought a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) in the fourth quarter, HoldingsChannel.com reports. The firm bought 7,238 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of Hilltop by 112.9% during the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider’s stock valued at $3,428,000 after purchasing an additional 56,537 shares during the last quarter. Monument Group Wealth Advisors LLC purchased a new stake in shares of Hilltop during the 4th quarter valued at $331,000. Inspire Investing LLC increased its position in shares of Hilltop by 9.4% in the 4th quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 1,196 shares during the period. KBC Group NV increased its position 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 valued at $75,000 after acquiring an additional 1,023 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Hilltop by 5.3% in the 4th quarter. Jennison Associates LLC now owns 454,929 shares of the financial services provider’s stock valued at $13,025,000 after acquiring an additional 22,704 shares during the period. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods cut 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 raised Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.

Hilltop Stock Performance

Shares of HTH opened at $30.86 on Friday. The business’s 50-day moving average is $29.72 and its two-hundred day moving average is $30.35. The company has a market capitalization of $1.98 billion, a P/E ratio of 17.73 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 announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.37. The company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same period last year, the firm earned $0.42 EPS. Analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

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