Hilltop Holdings Inc. (NYSE:HTH) Stock Position Raised by XTX Topco Ltd

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Hilltop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,383,034 shares of the financial services provider's stock worth $154,116,000 after purchasing an additional 32,605 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Hilltop by 85.4% during the fourth quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after purchasing an additional 367,564 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Hilltop by 8.8% during the fourth quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock valued at $18,449,000 after purchasing an additional 52,227 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hilltop by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 511,418 shares of the financial services provider's stock valued at $14,642,000 after acquiring an additional 30,861 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Hilltop by 0.7% during 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 period. Institutional investors own 57.13% of the company's stock.

Analyst Ratings Changes

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

Hilltop Stock Up 2.4%

Shares of Hilltop stock opened at $30.28 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 13.58 and a beta of 0.87. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $34.68. The company has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $30.27.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly 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 company had revenue of $303.31 million during the quarter, compared to analysts' expectations of $310.18 million. During the same quarter in the previous year, the company earned $0.31 EPS. On average, equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.4%. Hilltop's dividend payout ratio (DPR) is presently 32.29%.

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.

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