Verition Fund Management LLC Buys 309,858 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Verition Fund Management LLC boosted its position in Hilltop Holdings Inc. (NYSE:HTH) by 419.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,692 shares of the financial services provider’s stock after buying an additional 309,858 shares during the quarter. Verition Fund Management LLC owned approximately 0.59% of Hilltop worth $12,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HTH. Quest Partners LLC grew its stake in shares of Hilltop by 61.4% during the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,415 shares during the period. Versor Investments LP increased its stake in shares of Hilltop by 171.4% in the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 21,600 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Hilltop by 187.9% in the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock valued at $16,443,000 after purchasing an additional 333,695 shares during the period. Denali Advisors LLC purchased a new stake in shares of Hilltop during the 2nd quarter valued at approximately $1,408,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hilltop in the 3rd quarter worth approximately $575,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Down 0.5 %

Shares of HTH opened at $31.65 on Friday. The business’s 50-day moving average price is $31.65 and its 200-day moving average price is $31.55. The stock has a market cap of $2.06 billion, a PE 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.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period last year, the firm earned $0.57 EPS. Analysts expect that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.15%. Hilltop’s dividend payout ratio is presently 41.72%.

Analysts Set New Price Targets

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

Insider Transactions at Hilltop

In other news, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is currently owned by insiders.

Hilltop 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.