9,753 Shares in Hilltop Holdings Inc. (NYSE:HTH) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,753 shares of the financial services provider’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC bought a new position in shares of Hilltop during the fourth quarter valued at $27,000. Sterling Capital Management LLC lifted its stake in Hilltop by 827.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,332 shares during the period. KBC Group NV lifted its stake in Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,023 shares during the period. Olympiad Research LP purchased a new stake in shares of Hilltop during the 4th quarter valued at about $210,000. Finally, Inceptionr LLC bought a new stake in shares of Hilltop in the fourth quarter worth approximately $220,000. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Down 0.5%

Hilltop stock opened at $30.25 on Monday. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $35.32. The company has a market cap of $1.94 billion, a P/E ratio of 17.39 and a beta of 0.87. The business has a 50-day simple moving average of $29.75 and a two-hundred day simple moving average of $30.35.

Hilltop (NYSE:HTH) last posted its quarterly earnings data 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 company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same quarter last year, the firm posted $0.42 earnings per share. Research analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 annualized dividend and a yield of 2.38%. Hilltop’s dividend payout ratio (DPR) is presently 36.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HTH shares. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on Hilltop from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th.

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.