7,337 Shares in Hilltop Holdings Inc. (NYSE:HTH) Acquired by Olympiad Research LP

Olympiad Research LP purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) in the 4th quarter, Holdings Channel.com reports. The firm purchased 7,337 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Hilltop by 4.4% during the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock worth $82,594,000 after purchasing an additional 107,348 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hilltop by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider’s stock worth $33,991,000 after purchasing an additional 17,477 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hilltop by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock worth $25,537,000 after purchasing an additional 19,936 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Hilltop by 90.5% in the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider’s stock valued at $19,043,000 after buying an additional 281,230 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in Hilltop by 20.7% in the 4th 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 in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Trading Down 1.6 %

NYSE HTH opened at $31.12 on Monday. The stock has a market cap of $2.02 billion, a PE ratio of 17.89 and a beta of 1.14. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32. The stock has a fifty day simple moving average of $29.71 and a 200-day simple moving average of $31.03.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Research analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a dividend of $0.18 per share. This is a positive change from Hilltop’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.72 annualized dividend and a yield of 2.31%. Hilltop’s dividend payout ratio is presently 41.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HTH. Keefe, Bruyette & Woods lowered their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, February 3rd. Raymond James cut Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Hilltop presently has a consensus rating of “Hold” and a consensus target price of $34.00.

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.