Versor Investments LP Boosts Stake in Hilltop Holdings by 171.4% in 3rd Quarter
November 14, 2024
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Hilltop Holdings ($NYSE:HTH) Inc. is a financial holding company that offers a diverse range of banking, mortgage, and insurance services through its subsidiaries. Headquartered in Dallas, Texas, the company has a strong presence in the Southwest region of the United States. Hilltop Holdings’ stock is listed on the New York Stock Exchange under the ticker symbol HTH. Versor Investments LP is a hedge fund that manages over $1 billion in assets. The fund primarily focuses on investments in the financial sector and has a history of investing in top-performing companies. In its latest 13F filing, Versor Investments LP disclosed its stake in Hilltop Holdings, which showed a significant increase of 171.4% in the third quarter. This significant rise in ownership by Versor Investments LP could be seen as a positive signal for Hilltop Holdings’ stock.
It indicates that the hedge fund has confidence in the company’s growth potential and is bullish on its future prospects. This could also attract other investors to take notice and potentially increase their holdings in the company. The hedge fund may have identified the company as an undervalued or underperforming stock, which presents an opportunity for potential growth and higher returns. Hilltop Holdings’ financial performance in the third quarter may have also played a role in Versor Investments LP’s decision to increase its stake. This could bode well for the company’s stock performance and may attract other investors to follow suit. As always, it is important for investors to conduct their own research and analysis before making any investment decisions.
Analysis
After conducting a thorough analysis of HILLTOP HOLDINGS‘s financials, I have determined that this company falls under the category of ‘cow’ based on our Star Chart classification system. This means that HILLTOP HOLDINGS has a track record of consistently and sustainably paying out dividends to its investors. As a ‘cow’ company, HILLTOP HOLDINGS would likely be appealing to investors who are looking for stable and consistent returns on their investments. These could include individuals who are nearing retirement and want to secure a steady stream of income, or risk-averse investors who prioritize long-term financial stability over rapid growth. In terms of its financial health, HILLTOP HOLDINGS ranks high in dividend payouts, indicating that it prioritizes rewarding its shareholders. However, its profitability and asset strength are at medium levels, suggesting that the company may not be experiencing rapid growth or expansion. One area where HILLTOP HOLDINGS may not be as strong is in growth potential. This could be due to various reasons such as market saturation or industry limitations. However, this does not necessarily mean that the company is not a good investment opportunity. In fact, its consistent dividends and strong financial health make it a stable option for investors looking for long-term stability. Speaking of financial health, HILLTOP HOLDINGS has a high health score of 10/10 based on its cash flow and debt levels. This indicates that the company is well-equipped to handle any financial challenges that may arise in the future, making it a reliable choice for investors. In conclusion, HILLTOP HOLDINGS may not be the most exciting or rapidly-growing company, but it offers stability and consistent dividends to its shareholders. Its strong financial health and track record of paying out dividends make it an attractive option for investors looking for long-term stability and reliable returns on their investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hilltop Holdings. More…
| Total Revenues | Net Income | Net Margin |
| – | 109.65 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hilltop Holdings. More…
| Operations | Investing | Financing |
| 1.19k | -877.3 | -1.71k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hilltop Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.47k | 14.32k | – |
Key Ratios Snapshot
Some of the financial key ratios for Hilltop Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The competition between Hilltop Holdings Inc and its competitors is fierce. S&T Bancorp Inc, City Holding Co, and Ledyard Financial Group Inc are all fighting for market share in the banking industry. Hilltop Holdings Inc has a strong presence in the southern United States, while its competitors are spread out across the country.
– S&T Bancorp Inc ($NASDAQ:STBA)
S&T Bancorp Inc. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Insurance. The Banking segment offers personal and business banking products and services, including checking and savings accounts, loans, and deposit products. The Wealth Management segment provides investment management, fiduciary, and trust services. The Insurance segment offers property and casualty insurance products. The company was founded in 1902 and is headquartered in Indiana, PA.
– City Holding Co ($NASDAQ:CHCO)
PNC Financial Services Group, Inc., is a diversified financial services holding company and one of the largest banks in the United States. PNC Bank provides retail and commercial banking, residential mortgage banking, consumer finance, and investment management. The company operates more than 2,300 branches and 9,000 ATMs in 19 states and the District of Columbia. PNC is headquartered in Pittsburgh, Pennsylvania.
– Ledyard Financial Group Inc ($OTCPK:LFGP)
Ledyard Financial Group Inc. is a publicly traded holding company that owns and operates several businesses in the financial services industry. The company has a market capitalization of $67.01 million as of 2022. The company’s businesses include investment banking, asset management, insurance, and real estate. The company’s headquarters are in New York City.
Summary
Versor Investments LP, a prominent investment firm, has significantly increased its stake in Hilltop Holdings Inc. during the third quarter. This move suggests that Versor Investments has high confidence in the company’s future performance. This increase in stake by 171.4% could be indicative of positive developments within the company or its industry, leading to potential growth opportunities.
Additionally, this move by Versor Investments could also attract other investors to consider Hilltop Holdings as a potential investment option. It will be interesting to see how this increased stake impacts the company’s stock performance in the coming months.
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