Counterpoint Mutual Funds LLC Invests $97,000 in Hilltop Holdings Inc. (NYSE:HTH)

Counterpoint Mutual Funds LLC purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,260 shares of the financial services provider’s stock, valued at approximately $97,000.

Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Hilltop during the fourth quarter worth approximately $56,000. Royal Bank of Canada boosted its holdings in shares of Hilltop by 29.5% during the third quarter. Royal Bank of Canada now owns 2,482 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 565 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Hilltop by 44.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,155 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 976 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Hilltop by 16.7% during the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 456 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Hilltop by 12.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 425 shares during the period. 54.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director W Robert Nichols III sold 1,500 shares of Hilltop stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $31.02, for a total value of $46,530.00. Following the transaction, the director now owns 9,500 shares of the company’s stock, valued at $294,690. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 28.90% of the company’s stock.

Analysts Set New Price Targets

HTH has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Hilltop in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Stephens reiterated an “equal weight” rating and issued a $33.00 target price on shares of Hilltop in a research note on Friday, April 21st.

Hilltop Stock Down 0.2 %

NYSE HTH opened at $31.50 on Thursday. The stock has a market capitalization of $2.05 billion, a PE ratio of 18.10 and a beta of 1.05. The company has a 50 day moving average price of $31.12 and a two-hundred day moving average price of $31.00. Hilltop Holdings Inc. has a 12-month low of $24.18 and a 12-month high of $34.87.

Hilltop (NYSE:HTH – Free Report) last posted its earnings results on Friday, April 21st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Hilltop had a net margin of 8.09% and a return on equity of 5.65%. The firm had revenue of $353.92 million during the quarter, compared to analysts’ expectations of $277.55 million. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, equities analysts anticipate that Hilltop Holdings Inc. will post 1.68 EPS for the current year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Wednesday, May 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, May 9th. Hilltop’s dividend payout ratio is 36.78%.

About Hilltop

(Free Report)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

Want to see what other hedge funds are holding HTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilltop Holdings Inc. (NYSE:HTH – Free Report).

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Hilltop, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hilltop wasn’t on the list.

While Hilltop currently has a “Reduce” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here