Aquatic Capital Management LLC Reduces Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Aquatic Capital Management LLC cut its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,454 shares of the financial services provider's stock after selling 10,446 shares during the quarter. Aquatic Capital Management LLC's holdings in Hilltop were worth $128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of Hilltop in the 4th quarter worth about $27,000. Sterling Capital Management LLC raised its position in Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,332 shares during the period. KBC Group NV lifted its stake in Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,023 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Hilltop during the fourth quarter valued at approximately $210,000. Finally, Inceptionr LLC bought a new position in shares of Hilltop during the fourth quarter valued at approximately $220,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Price Performance

Shares of NYSE:HTH traded down $0.15 during trading on Friday, reaching $30.25. 234,853 shares of the company were exchanged, compared to its average volume of 342,952. The firm has a market capitalization of $1.94 billion, a PE ratio of 17.39 and a beta of 0.87. The business's fifty day simple moving average is $29.75 and its 200-day simple moving average is $30.35. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.37. The business had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same period in the previous year, the company posted $0.42 EPS. On average, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop's dividend payout ratio (DPR) is 36.55%.

Analyst Ratings Changes

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

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.