Hilltop Holdings Inc. $HTH Stock Position Raised by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Hilltop Holdings Inc. by 13.0%, owning approximately 0.35% of the company worth $6.86 million after acquiring additional shares.
• Hilltop Holdings reported $0.57 EPS for the last quarter, exceeding the consensus estimate of $0.41, and had a revenue of $303.31 million.
• The company declared a quarterly dividend of $0.18, yielding 2.1%, with a dividend payout ratio of 32.29%.

Empowered Funds LLC boosted its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 13.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 225,413 shares of the financial services provider's stock after buying an additional 25,885 shares during the quarter. Empowered Funds LLC owned approximately 0.35% of Hilltop worth $6,864,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Hilltop by 32.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock valued at $24,247,000 after buying an additional 192,991 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Hilltop in the 1st quarter valued at $317,000. 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 valued at $14,044,000 after acquiring an additional 324,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hilltop by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,846 shares of the financial services provider's stock valued at $848,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Hilltop by 38.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 546,882 shares of the financial services provider's stock valued at $16,653,000 after acquiring an additional 152,358 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Insider Transactions at Hilltop

In other Hilltop news, Chairman Jonathan S. Sobel bought 10,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $35.36 per share, with a total value of $353,600.00. Following the completion of the acquisition, the chairman directly owned 127,429 shares of the company's stock, valued at approximately $4,505,889.44. The trade was a 8.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 60,000 shares of company stock valued at $2,022,800 over the last quarter. Company insiders own 29.90% of the company's stock.

Analysts Set New Price Targets

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

Hilltop Trading Down 1.1%

NYSE:HTH traded down $0.37 on Tuesday, reaching $33.58. The stock had a trading volume of 78,539 shares, compared to its average volume of 410,413. The company has a 50-day moving average of $32.40 and a 200 day moving average of $30.84. The stock has a market cap of $2.12 billion, a P/E ratio of 15.06 and a beta of 0.87. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $36.13.

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

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. Hilltop's dividend payout ratio (DPR) is currently 32.29%.

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.