8,382 Shares in Hilltop Holdings Inc. (NYSE:HTH) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,382 shares of the financial services provider’s stock, valued at approximately $270,000.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of Hilltop by 1.3% in the 2nd quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock worth $938,000 after acquiring an additional 375 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Hilltop by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Hilltop by 5.9% during the third quarter. Harbor Capital Advisors Inc. now owns 13,794 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 769 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Hilltop in the second quarter valued at $28,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Hilltop by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 26,416 shares of the financial services provider’s stock valued at $826,000 after buying an additional 913 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the sale, the chief accounting officer now directly owns 9,124 shares in the company, valued at $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.50.

Hilltop Stock Down 0.5 %

NYSE:HTH opened at $31.65 on Monday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.42 and a beta of 1.14. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66. The stock’s 50 day moving average price is $31.65 and its two-hundred day moving average price is $31.55.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million for the quarter, compared to analyst estimates of $302.29 million. During the same period in the previous year, the firm earned $0.57 EPS. As a group, analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 2.15%. Hilltop’s dividend payout ratio is 41.72%.

About Hilltop

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.