Squarepoint Ops LLC Has $2.54 Million Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Squarepoint Ops LLC lifted its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 215.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,743 shares of the financial services provider's stock after buying an additional 60,609 shares during the period. Squarepoint Ops LLC owned approximately 0.14% of Hilltop worth $2,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in Hilltop in the 4th quarter valued at about $27,000. Sterling Capital Management LLC lifted its stake in Hilltop by 827.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,332 shares during the last quarter. KBC Group NV boosted its holdings in Hilltop by 64.0% during the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after buying an additional 1,023 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Hilltop in the fourth quarter worth approximately $193,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Hilltop in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Stock Performance

NYSE:HTH traded down $0.16 during trading hours on Friday, hitting $29.83. 359,624 shares of the company's stock traded hands, compared to its average volume of 348,662. The stock's fifty day moving average price is $29.58 and its two-hundred day moving average price is $30.19. The firm has a market cap of $1.91 billion, a P/E ratio of 17.14 and a beta of 0.87. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The business had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

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

Analyst Ratings Changes

HTH has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company 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 report on Wednesday, April 2nd.

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.