Balyasny Asset Management L.P. Increases Position in Hilltop Holdings Inc. (NYSE:HTH)

Balyasny Asset Management L.P. lifted its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 289.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of HTH. Ameriprise Financial Inc. boosted its stake in shares of Hilltop by 85.4% during the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock worth $22,846,000 after acquiring an additional 367,564 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Hilltop during the fourth quarter worth $3,978,000. Hodges Capital Management Inc. boosted its position in Hilltop by 20.7% during the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider's stock worth $14,959,000 after purchasing an additional 89,724 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Hilltop by 98.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock worth $3,930,000 after purchasing an additional 68,276 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Hilltop by 774.5% in the fourth quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider's stock valued at $1,906,000 after purchasing an additional 58,709 shares during the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HTH shares. Raymond James raised Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target 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.

Hilltop Trading Down 0.4%

HTH traded down $0.13 during midday trading on Friday, hitting $30.86. The company's stock had a trading volume of 394,309 shares, compared to its average volume of 343,816. The firm has a market cap of $1.98 billion, a P/E ratio of 17.73 and a beta of 0.87. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32. The firm has a 50-day moving average price of $29.71 and a two-hundred day moving average price of $30.36.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.28 by $0.37. The company 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 period in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

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

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.