16,915 Shares in Hilltop Holdings Inc. $HTH Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 16,915 shares of Hilltop Holdings Inc. for approximately $515,000 in the first quarter, indicating a new investment in the financial services provider.
• Chairman Jonathan S. Sobel increased his holdings by purchasing 10,000 shares at $35.36 per share, bringing his total ownership to 127,429 shares valued at about $4.5 million.
• Hilltop recently announced a quarterly dividend of $0.18 per share, translating to an annualized yield of 2.1%, with insiders now owning 29.90% of the company's stock.

Ieq Capital LLC bought a new position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,915 shares of the financial services provider's stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HTH. Ameriprise Financial Inc. increased its stake in shares of Hilltop by 85.4% during the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock worth $22,846,000 after purchasing an additional 367,564 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Hilltop by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock worth $9,236,000 after purchasing an additional 173,245 shares during the period. Nuveen LLC bought a new position in shares of Hilltop during the first quarter valued at approximately $3,763,000. Cubist Systematic Strategies LLC boosted its stake in shares of Hilltop by 158.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock worth $4,388,000 after acquiring an additional 94,073 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Hilltop by 289.4% in 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 buying an additional 65,016 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hilltop

In other news, Chairman Jonathan S. Sobel acquired 10,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $35.36 per share, for a total transaction of $353,600.00. Following the completion of the transaction, the chairman directly owned 127,429 shares in the company, valued at approximately $4,505,889.44. This trade represents a 8.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 60,000 shares of company stock valued at $2,022,800. Corporate insiders own 29.90% of the company's stock.

Hilltop Stock Performance

NYSE:HTH traded down $0.16 during mid-day trading on Monday, hitting $35.11. The company had a trading volume of 267,718 shares, compared to its average volume of 413,572. The business's fifty day moving average is $32.00 and its two-hundred day moving average is $30.71. The firm has a market cap of $2.21 billion, a P/E ratio of 15.74 and a beta of 0.87. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 earnings per share 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 firm had revenue of $303.31 million during the quarter, compared to analysts' expectations of $310.18 million. During the same period in the previous year, the firm earned $0.31 EPS. Equities analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.