Cubist Systematic Strategies LLC Takes Position in Hilltop Holdings Inc. (HTH)

Cubist Systematic Strategies LLC bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,196 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other large investors have also bought and sold shares of the stock. Harbor Advisors LLC lifted its holdings in shares of Hilltop Holdings by 34.7% during the 2nd quarter. Harbor Advisors LLC now owns 19,415 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 5,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Hilltop Holdings by 34.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 311,047 shares of the financial services provider’s stock valued at $8,152,000 after acquiring an additional 79,046 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Hilltop Holdings by 14.9% during the 2nd quarter. Stifel Financial Corp now owns 370,090 shares of the financial services provider’s stock valued at $9,711,000 after acquiring an additional 48,101 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Hilltop Holdings by 6.6% during the 2nd quarter. Voya Investment Management LLC now owns 36,750 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 2,268 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Hilltop Holdings by 0.6% during the 2nd quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock valued at $165,245,000 after acquiring an additional 35,179 shares in the last quarter. Institutional investors and hedge funds own 56.31% of the company’s stock.

In related news, Director J Markham Green sold 4,389 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the sale, the director now directly owns 114,763 shares of the company’s stock, valued at approximately $2,981,542.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hill A. Feinberg sold 225,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the sale, the insider now directly owns 1,083,878 shares of the company’s stock, valued at $27,985,729.96. The disclosure for this sale can be found here. Corporate insiders own 22.60% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.02%. Hilltop Holdings’s dividend payout ratio (DPR) is 15.29%.

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Several equities analysts recently weighed in on the stock. Compass Point upgraded shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price on the stock in a report on Tuesday, August 1st. BidaskClub lowered shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $30.00 target price on shares of Hilltop Holdings in a report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Hilltop Holdings presently has a consensus rating of “Hold” and an average price target of $33.30.

About Hilltop Holdings

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

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Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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