Hilltop Holdings Inc. (NYSE:HTH) Stock Holdings Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 158.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,271 shares of the financial services provider's stock after buying an additional 94,073 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.24% of Hilltop worth $4,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Hilltop in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC boosted its position in Hilltop by 827.3% during the fourth 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 in the last quarter. KBC Group NV raised its holdings in shares of 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 acquiring an additional 1,023 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Hilltop during the fourth quarter worth $210,000. Finally, Inceptionr LLC purchased a new position in Hilltop during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 57.13% of the company's stock.

Hilltop Price Performance

HTH traded down $0.05 on Tuesday, reaching $30.85. The company's stock had a trading volume of 332,201 shares, compared to its average volume of 343,397. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32. The business's 50 day moving average is $29.72 and its 200 day moving average is $30.36. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 17.73 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $318.46 million for the quarter, compared to analysts' expectations of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same quarter in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The company 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 $0.18 dividend. 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 (DPR) is 36.55%.

Wall Street Analyst Weigh In

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

About Hilltop

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.