Trexquant Investment LP Purchases 36,984 Shares of Hilltop Holdings Inc. $HTH

Key Points

• Trexquant Investment LP increased its stake in Hilltop Holdings Inc. by 82.6%, owning 81,748 shares valued at approximately $2.49 million as of the latest SEC filing.
• Hilltop recently reported earnings of $0.57 EPS, exceeding analysts' estimates, despite revenues of $303.31 million being below the expected $310.18 million.
• The company declared a quarterly dividend of $0.18, representing an annual yield of 2.1%, with a dividend payout ratio of 32.29%.

Trexquant Investment LP lifted its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 82.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,748 shares of the financial services provider's stock after buying an additional 36,984 shares during the period. Trexquant Investment LP owned approximately 0.13% of Hilltop worth $2,489,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HTH. Ameriprise Financial Inc. raised its holdings in shares of 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 during the period. Nuveen Asset Management LLC raised its holdings in Hilltop by 116.0% during the 4th quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock valued at $9,236,000 after acquiring an additional 173,245 shares during the period. Nuveen LLC bought a new stake in Hilltop during the 1st quarter valued at $3,763,000. Cubist Systematic Strategies LLC raised its holdings in Hilltop by 158.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock valued at $4,388,000 after acquiring an additional 94,073 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in Hilltop by 289.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 87,484 shares of the financial services provider's stock valued at $2,505,000 after acquiring an additional 65,016 shares during the period. Institutional investors own 57.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hilltop Stock Down 0.8%

Shares of Hilltop stock traded down $0.30 during trading on Tuesday, reaching $34.87. 58,342 shares of the stock were exchanged, compared to its average volume of 413,445. The stock's fifty day moving average is $32.10 and its 200 day moving average is $30.73. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.70 and a beta of 0.87. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping 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 analyst estimates of $310.18 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Hilltop's dividend payout ratio is presently 32.29%.

Insider Transactions at Hilltop

In other Hilltop news, Chairman Jonathan S. Sobel bought 10,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $35.36 per share, with a total value of $353,600.00. Following the completion of the purchase, the chairman owned 127,429 shares of the company's stock, valued at approximately $4,505,889.44. This trade represents a 8.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought 60,000 shares of company stock valued at $2,022,800 over the last ninety days. 29.90% of the stock is owned by corporate insiders.

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.