Geode Capital Management LLC Raises Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Geode Capital Management LLC increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,056,739 shares of the financial services provider’s stock after purchasing an additional 17,477 shares during the quarter. Geode Capital Management LLC owned approximately 1.63% of Hilltop worth $33,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTH. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop during the 3rd quarter worth about $49,000. Innealta Capital LLC purchased a new position in shares of Hilltop during the second quarter valued at approximately $69,000. FMR LLC boosted its position in Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 885 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Hilltop in the 3rd quarter worth approximately $185,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in Hilltop in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analyst Weigh In

HTH has been the subject of a number of recent analyst reports. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Raymond James cut Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.50.

Insiders Place Their Bets

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

Hilltop Stock Up 0.8 %

HTH stock opened at $29.15 on Thursday. Hilltop Holdings Inc. has a 52 week low of $28.44 and a 52 week high of $35.66. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 17.88 and a beta of 1.13. The business has a fifty day simple moving average of $31.45 and a 200-day simple moving average of $31.53.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 EPS 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 company had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same period last year, the business posted $0.57 EPS. As a group, analysts expect that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 dividend on an annualized basis and a yield of 2.33%. Hilltop’s dividend payout ratio (DPR) is 41.72%.

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.