Schonfeld Strategic Advisors LLC Makes New $683,000 Investment in Hilltop Holdings Inc. (NYSE:HTH)

Schonfeld Strategic Advisors LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,862 shares of the financial services provider's stock, valued at approximately $683,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Hilltop in the 4th quarter worth about $3,978,000. Hodges Capital Management Inc. grew its position in shares of Hilltop by 20.7% in the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock valued at $14,959,000 after purchasing an additional 89,724 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Hilltop by 98.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock worth $3,930,000 after purchasing an additional 68,276 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Hilltop by 774.5% during the 4th quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider's stock worth $1,906,000 after purchasing an additional 58,709 shares during the last quarter. Finally, Barclays PLC lifted its stake in Hilltop by 112.9% in the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider's stock valued at $3,428,000 after buying an additional 56,537 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HTH shares. Keefe, Bruyette & Woods reduced their target price 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 raised Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd.

Hilltop Stock Performance

Shares of NYSE:HTH traded up $0.66 during trading on Monday, hitting $30.92. The company's stock had a trading volume of 406,623 shares, compared to its average volume of 343,207. The business has a 50 day moving average price of $29.74 and a two-hundred day moving average price of $30.35. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The company has a market capitalization of $1.98 billion, a PE ratio of 17.77 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, equities analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, May 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. Hilltop's dividend payout ratio (DPR) is 36.55%.

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.