Dynamic Technology Lab Private Ltd Takes $317,000 Position in Hilltop Holdings Inc. $HTH

Key Points

• Dynamic Technology Lab Private Ltd acquired 10,425 shares of Hilltop Holdings Inc., valued at approximately $317,000, indicating increased institutional interest in the company.
• Hilltop's Chairman, Jonathan S. Sobel, purchased 10,000 shares recently, raising his ownership stake by 8.52% to a total of 127,429 shares valued at over $4.5 million.
• The company reported a quarterly EPS of $0.57, surpassing analysts' expectations, and has announced a quarterly dividend of $0.18, reflecting a 2.1% yield.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,425 shares of the financial services provider's stock, valued at approximately $317,000.

Several other large investors have also recently made changes to their positions in HTH. Millennium Management LLC raised its holdings in Hilltop by 236.4% in the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock worth $14,044,000 after purchasing an additional 324,108 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Hilltop by 116.0% during the 4th quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock worth $9,236,000 after buying an additional 173,245 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Hilltop by 38.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 546,882 shares of the financial services provider's stock worth $16,653,000 after buying an additional 152,358 shares during the period. Nuveen LLC purchased a new position in shares of Hilltop during the 1st quarter valued at approximately $3,763,000. Finally, AQR Capital Management LLC grew its stake in Hilltop by 623.7% in the 1st quarter. AQR Capital Management LLC now owns 79,654 shares of the financial services provider's stock valued at $2,425,000 after acquiring an additional 68,648 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop presently has a consensus rating of "Hold" and an average target price of $32.00.

Hilltop Trading Up 2.7%

HTH stock traded up $0.91 during trading on Thursday, reaching $34.91. 326,870 shares of the stock were exchanged, compared to its average volume of 409,278. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 15.65 and a beta of 0.88. The business has a 50 day moving average price of $32.58 and a 200-day moving average price of $30.90. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.The business had revenue of $303.31 million for the quarter, compared to analyst estimates of $310.18 million. During the same quarter in the prior year, the company posted $0.31 EPS. On average, research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 15th. Hilltop's payout ratio is currently 32.29%.

Insider Transactions at Hilltop

In other news, Chairman Jonathan S. Sobel bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $35.36 per share, for a total transaction of $353,600.00. Following the acquisition, the chairman directly owned 127,429 shares of the company's stock, valued at $4,505,889.44. The trade was a 8.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders bought 60,000 shares of company stock worth $2,022,800. 29.90% of the stock is currently owned by corporate insiders.

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.