XTX Topco Ltd Purchases 11,416 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Key Points

• XTX Topco Ltd increased its holdings in Hilltop Holdings Inc. by 97.6%, owning 23,115 shares valued at $704,000 by the end of the first quarter.
• Hilltop's stock recently reported an EPS of $0.57, exceeding the consensus estimate of $0.41, with revenues of $303.31 million, slightly below analysts' expectations.
• The company announced a quarterly dividend of $0.18 per share, with an ex-dividend date set for August 15th, resulting in an annualized yield of 2.4%.

XTX Topco Ltd boosted its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 97.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,115 shares of the financial services provider's stock after purchasing an additional 11,416 shares during the quarter. XTX Topco Ltd's holdings in Hilltop were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HTH. Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 367,564 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Hilltop by 116.0% in the 4th 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Hilltop in the 4th quarter worth about $3,978,000. Cubist Systematic Strategies LLC raised its stake in Hilltop by 158.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock worth $4,388,000 after purchasing an additional 94,073 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in Hilltop by 98.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock valued at $3,930,000 after buying an additional 68,276 shares during the period. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Stock Performance

Shares of Hilltop stock traded up $0.45 during midday trading on Friday, hitting $30.81. 215,263 shares of the company traded hands, compared to its average volume of 402,023. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.81 and a beta of 0.87. The firm's fifty day moving average price is $30.37 and its 200-day moving average price is $30.29. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $34.68.

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

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.18 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.3%. Hilltop's payout ratio is 32.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on HTH shares. Wall Street Zen raised shares of Hilltop from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods decreased their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th.

Hilltop 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.