Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,527 shares of the financial services provider's stock after purchasing an additional 61,932 shares during the period. Voloridge Investment Management LLC owned 0.32% of Hilltop worth $5,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new position in shares of Hilltop in the fourth quarter worth about $27,000. Sterling Capital Management LLC lifted its stake in shares of Hilltop by 827.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock worth $43,000 after buying an additional 1,332 shares in the last quarter. KBC Group NV lifted its stake in shares of Hilltop by 64.0% in 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. purchased a new position in shares of Hilltop in the fourth quarter worth about $193,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Hilltop in the fourth quarter worth about $207,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Up 1.5%

Shares of HTH traded up $0.44 during trading on Thursday, reaching $29.94. 374,057 shares of the company traded hands, compared to its average volume of 347,808. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The stock has a market cap of $1.92 billion, a PE ratio of 17.21 and a beta of 0.87. The stock has a 50-day simple moving average of $29.62 and a 200-day simple moving average of $30.26.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating 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 business had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.40%. Hilltop's dividend payout ratio is currently 36.55%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HTH shares. Keefe, Bruyette & Woods decreased 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 report 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.