Schonfeld Strategic Advisors LLC Buys Shares of 23,862 Hilltop Holdings Inc. (NYSE:HTH)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 23,862 shares of the financial services provider’s stock, valued at approximately $683,000.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Hilltop during the 4th quarter valued at $3,978,000. Hodges Capital Management Inc. lifted its stake in Hilltop by 20.7% in the fourth quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock valued at $14,959,000 after buying an additional 89,724 shares during the period. Tudor Investment Corp ET AL boosted its holdings 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 buying an additional 68,276 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Hilltop by 774.5% during the 4th quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider’s stock worth $1,906,000 after buying an additional 58,709 shares during the period. Finally, Barclays PLC increased its stake in shares of Hilltop by 112.9% in the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider’s stock valued at $3,428,000 after acquiring an additional 56,537 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Stock Performance

Shares of HTH stock opened at $30.25 on Friday. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The company’s 50 day moving average price is $29.75 and its two-hundred day moving average price is $30.35. The company has a market capitalization of $1.94 billion, a P/E ratio of 17.39 and a beta of 0.87.

Hilltop (NYSE:HTH) last released its earnings results 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 return on equity of 5.18% and a net margin of 7.04%. The firm had revenue of $318.46 million during the quarter, compared to analysts’ expectations of $290.68 million. During the same quarter in the prior year, the company earned $0.42 EPS. Analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The company 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop’s dividend payout ratio is presently 36.55%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HTH shares. Keefe, Bruyette & Woods decreased their price objective on shares of Hilltop from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. Raymond James raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 2nd.

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.