Versor Investments LP Sells 6,800 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Versor Investments LP decreased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 19.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,400 shares of the financial services provider’s stock after selling 6,800 shares during the quarter. Versor Investments LP’s holdings in Hilltop were worth $784,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HTH. Venturi Wealth Management LLC bought a new position in shares of Hilltop during the 4th quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in shares of Hilltop during the 3rd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop during the 3rd quarter worth about $49,000. KBC Group NV increased its holdings in shares of Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,023 shares during the period. Finally, FMR LLC increased its holdings in shares of Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 885 shares during the period. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Up 0.6 %

NYSE HTH opened at $31.96 on Friday. The stock has a market cap of $2.07 billion, a P/E ratio of 18.37 and a beta of 1.14. The company’s 50-day simple moving average is $29.81 and its 200 day simple moving average is $31.05. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32.

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

Hilltop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.25%. This is a boost from Hilltop’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 13th. Hilltop’s dividend payout ratio is currently 41.38%.

Analyst Ratings Changes

HTH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research note on Monday, February 3rd. Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.00.

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.