Bridgeway Capital Management LLC Has $11.09 Million Holdings in Hilltop Holdings Inc. $HTH

Key Points

• Bridgeway Capital Management LLC has increased its stake in Hilltop Holdings Inc. by 3.6%, owning 364,113 shares valued at approximately $11.1 million.
• Hilltop recently reported earnings of $0.57 per share, exceeding analyst estimates, and disclosed a quarterly dividend of $0.18, indicating a yield of 2.1%.
• The company's stock was upgraded from a "sell" rating to a "hold" rating, with a consensus price target of $32.00.

Bridgeway Capital Management LLC lifted its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364,113 shares of the financial services provider's stock after acquiring an additional 12,585 shares during the period. Bridgeway Capital Management LLC owned approximately 0.57% of Hilltop worth $11,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hilltop by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 829,412 shares of the financial services provider's stock worth $25,256,000 after acquiring an additional 3,225 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Hilltop by 85.4% during 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. Janus Henderson Group PLC lifted its holdings in shares of Hilltop by 8.8% during the 4th quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock worth $18,449,000 after acquiring an additional 52,227 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Hilltop by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 394,524 shares of the financial services provider's stock valued at $11,295,000 after acquiring an additional 2,720 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Hilltop by 19.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 345,549 shares of the financial services provider's stock valued at $9,893,000 after acquiring an additional 57,429 shares during the last quarter. Institutional investors own 57.13% of the company's stock.

Hilltop Stock Down 0.3%

NYSE HTH traded down $0.11 on Monday, hitting $35.15. The company's stock had a trading volume of 591,925 shares, compared to its average volume of 415,591. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $36.13. The company's 50-day moving average is $32.00 and its 200 day moving average is $30.71. The firm has a market cap of $2.21 billion, a PE ratio of 15.76 and a beta of 0.87.

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

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 15th. Hilltop's payout ratio is currently 32.29%.

Analysts Set New Price Targets

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

Insider Activity at Hilltop

In related news, Chairman Jonathan S. Sobel acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average cost of $35.36 per share, with a total value of $353,600.00. Following the completion of the purchase, the chairman directly owned 127,429 shares in the company, valued at $4,505,889.44. The trade was a 8.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased 60,000 shares of company stock valued at $2,022,800 over the last quarter. 29.90% of the stock is owned by insiders.

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.