Hilltop Holdings Inc. (NYSE:HTH) Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,549 shares of the financial services provider's stock after acquiring an additional 57,429 shares during the period. D. E. Shaw & Co. Inc. owned 0.53% of Hilltop worth $9,893,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HTH. Ameriprise Financial Inc. increased its holdings in shares of Hilltop by 85.4% in the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock worth $22,846,000 after acquiring an additional 367,564 shares during the period. Raymond James Financial Inc. bought a new stake in Hilltop during the fourth quarter worth approximately $3,978,000. Cubist Systematic Strategies LLC increased its holdings in shares of Hilltop by 158.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock valued at $4,388,000 after buying an additional 94,073 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Hilltop by 20.7% in 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 during the last quarter. Finally, Tudor Investment Corp ET AL raised its position 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 during the period. 57.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hilltop Stock Down 0.5%

Shares of Hilltop stock traded down $0.15 during midday trading on Tuesday, hitting $30.66. The company's stock had a trading volume of 27,710 shares, compared to its average volume of 343,609. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $35.32. The firm has a market capitalization of $1.97 billion, a P/E ratio of 17.63 and a beta of 0.87. The stock has a 50-day simple moving average of $29.73 and a 200-day simple moving average of $30.35.

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, topping the consensus estimate of $0.28 by $0.37. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. The firm had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. During the same period in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, May 8th. Hilltop's dividend payout ratio is currently 36.55%.

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.