Jane Street Group LLC Lowers Stake in Hilltop Holdings Inc. (NYSE:HTH)

Jane Street Group LLC trimmed its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 71.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,076 shares of the financial services provider's stock after selling 50,829 shares during the quarter. Jane Street Group LLC's holdings in Hilltop were worth $575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings in shares of Hilltop by 10.1% in the 4th quarter. Barclays PLC now owns 117,348 shares of the financial services provider's stock valued at $3,359,000 after purchasing an additional 10,729 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Hilltop by 1.5% in the 4th quarter. Voya Investment Management LLC now owns 153,422 shares of the financial services provider's stock valued at $4,392,000 after purchasing an additional 2,271 shares in the last quarter. Edge Capital Group LLC acquired a new stake in shares of Hilltop in the 4th quarter valued at $335,000. Empowered Funds LLC raised its holdings in shares of Hilltop by 5.1% in the 4th quarter. Empowered Funds LLC now owns 199,528 shares of the financial services provider's stock valued at $5,712,000 after purchasing an additional 9,672 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Hilltop in the 4th quarter valued at $477,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Trading Down 0.5%

NYSE:HTH traded down $0.16 during midday trading on Friday, hitting $29.83. 359,624 shares of the company were exchanged, compared to its average volume of 348,662. The company has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $30.19. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The company has a market capitalization of $1.91 billion, a PE ratio of 17.14 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same period last year, the firm posted $0.42 EPS. As a group, equities research analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.

Analyst Upgrades and Downgrades

HTH has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price target 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. Raymond James upgraded shares of Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd.

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.