Balyasny Asset Management L.P. Acquires 65,016 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Balyasny Asset Management L.P. grew its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 289.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,484 shares of the financial services provider's stock after buying an additional 65,016 shares during the quarter. Balyasny Asset Management L.P. owned 0.13% of Hilltop worth $2,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its holdings in Hilltop by 4.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,737 shares of the financial services provider's stock worth $250,000 after purchasing an additional 397 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Hilltop in the fourth quarter worth approximately $27,000. KBC Group NV boosted its holdings in 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 purchasing an additional 1,023 shares during the last quarter. Legal & General Group Plc boosted its holdings in Hilltop by 0.8% in the fourth quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider's stock worth $3,855,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Hilltop by 9.4% in the fourth quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider's stock worth $400,000 after purchasing an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Hilltop Price Performance

Shares of HTH stock traded down $0.13 on Friday, hitting $30.86. 394,309 shares of the stock traded hands, compared to its average volume of 344,925. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 17.73 and a beta of 0.87. The firm has a 50 day simple moving average of $29.72 and a two-hundred day simple moving average of $30.35. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32.

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 for the quarter, beating analysts' consensus estimates of $0.28 by $0.37. The firm had revenue of $318.46 million during the quarter, compared to analyst estimates of $290.68 million. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. During the same quarter last year, the business posted $0.42 earnings per share. Sell-side analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.18 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. Hilltop's dividend payout ratio (DPR) is presently 36.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a report 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.