Rothschild Asset Management Inc. raised its stake in Hilltop Holdings Inc. (NYSE:HTH) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,518 shares of the financial services provider’s stock after buying an additional 244 shares during the period. Rothschild Asset Management Inc. owned about 0.08% of Hilltop Holdings worth $2,084,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares in the last quarter. First Interstate Bank boosted its position in shares of Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,300 shares in the last quarter. Founders Capital Management acquired a new position in shares of Hilltop Holdings during the first quarter valued at about $118,000. Victory Capital Management Inc. boosted its position in shares of Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,398 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Hilltop Holdings during the first quarter valued at about $178,000. 57.04% of the stock is currently owned by institutional investors.
Hilltop Holdings Inc. (HTH) traded down 0.65% during mid-day trading on Friday, hitting $24.53. 502,733 shares of the company traded hands. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.73 and a beta of 1.01. The company’s 50-day moving average price is $25.89 and its 200 day moving average price is $26.70. Hilltop Holdings Inc. has a one year low of $21.04 and a one year high of $30.60.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. The business had revenue of $460.67 million during the quarter, compared to analysts’ expectations of $431.80 million. During the same period in the prior year, the business earned $0.32 EPS. On average, analysts anticipate that Hilltop Holdings Inc. will post $1.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. Hilltop Holdings’s payout ratio is 13.41%.
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Several equities analysts have recently issued reports on the stock. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Hilltop Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 16th. UBS AG downgraded shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Stephens raised shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $47.00 in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies downgraded shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Wednesday, May 10th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.08.
In related news, Director J Markham Green sold 4,389 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was 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 document filed with the SEC, which is available through the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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. Over the last three months, insiders have sold 236,889 shares of company stock valued at $6,112,076. 22.60% of the stock is owned by company insiders.
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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