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

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

A number of other institutional investors and hedge funds have also made changes to their positions in HTH. Ameriprise Financial Inc. grew its holdings in shares of Hilltop by 85.4% in the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after purchasing an additional 367,564 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Hilltop during the 4th quarter worth approximately $3,978,000. 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. Tudor Investment Corp ET AL grew its holdings in Hilltop by 98.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock worth $3,930,000 after acquiring an additional 68,276 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Hilltop by 289.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 87,484 shares of the financial services provider's stock worth $2,505,000 after acquiring an additional 65,016 shares in the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Price Performance

Shares of Hilltop stock traded down $0.13 during trading hours on Friday, hitting $30.86. The company had a trading volume of 394,309 shares, compared to its average volume of 344,925. The company's 50-day moving average is $29.72 and its two-hundred day moving average is $30.35. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The company has a market cap of $1.98 billion, a P/E ratio of 17.73 and a beta of 0.87.

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 (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The business had revenue of $318.46 million during the quarter, compared to analysts' expectations of $290.68 million. During the same quarter in the prior year, the business posted $0.42 EPS. Sell-side analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on HTH. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target 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 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.