Brevan Howard Capital Management LP Acquires New Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Brevan Howard Capital Management LP acquired a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,753 shares of the financial services provider's stock, valued at approximately $279,000.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Hilltop by 10.1% during the fourth quarter. Barclays PLC now owns 117,348 shares of the financial services provider's stock worth $3,359,000 after acquiring an additional 10,729 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Hilltop by 1.5% during the fourth quarter. Voya Investment Management LLC now owns 153,422 shares of the financial services provider's stock worth $4,392,000 after buying an additional 2,271 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Hilltop during the 4th quarter worth approximately $335,000. Empowered Funds LLC raised its holdings in shares of Hilltop by 5.1% in the fourth quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock valued at $5,712,000 after purchasing an additional 9,672 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Hilltop during the 4th quarter worth about $477,000. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Performance

Shares of NYSE HTH traded up $0.28 during mid-day trading on Thursday, reaching $30.95. The company had a trading volume of 329,280 shares, compared to its average volume of 343,184. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 17.79 and a beta of 0.87. The business's 50-day simple moving average is $29.70 and its 200 day simple moving average is $30.36. Hilltop Holdings Inc. has a one year low of $26.67 and a one year 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 EPS for the quarter, beating the consensus estimate of $0.28 by $0.37. The company had revenue of $318.46 million during the quarter, compared to analysts' expectations of $290.68 million. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. During the same period in the previous year, the company earned $0.42 EPS. On average, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, May 8th. Hilltop's dividend payout ratio is presently 36.55%.

Wall Street Analyst Weigh In

Several research analysts have recently 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 research note on Wednesday, April 30th. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

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.