Hilltop Holdings Inc. (NYSE:HTH) Stake Increased by Vanguard Group Inc.
Vanguard Group Inc. raised its stake in Hilltop Holdings Inc. (NYSE:HTH) by 4.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,880,222 shares of the financial services provider’s stock after buying an additional 249,759 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Hilltop Holdings worth $161,530,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in HTH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 during the last quarter. First Interstate Bank boosted its stake in 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 during the last quarter. Founders Capital Management acquired a new stake in Hilltop Holdings during the first quarter valued at $118,000. Victory Capital Management Inc. boosted its stake in 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 during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Hilltop Holdings during the first quarter valued at $178,000. Hedge funds and other institutional investors own 55.79% of the company’s stock.
Shares of Hilltop Holdings Inc. (NYSE HTH) opened at 25.88 on Friday. The company has a 50-day moving average price of $26.08 and a 200-day moving average price of $27.12. Hilltop Holdings Inc. has a 12-month low of $21.04 and a 12-month high of $30.60. The firm has a market capitalization of $2.55 billion, a P/E ratio of 17.64 and a beta of 1.03.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.07. The business had revenue of $363.54 million during the quarter, compared to the consensus estimate of $393.23 million. Hilltop Holdings had a return on equity of 7.81% and a net margin of 8.33%. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities analysts predict that Hilltop Holdings Inc. will post $1.64 EPS for the current year.
HTH has been the subject of several research analyst reports. TheStreet upgraded shares of Hilltop Holdings from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, March 29th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the stock a “buy” rating in a report on Monday, June 26th. ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.08.
In other Hilltop Holdings news, CEO Alan B. White sold 79,025 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $26.03, for a total value of $2,057,020.75. Following the transaction, the chief executive officer now owns 216,124 shares in the company, valued at $5,625,707.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd Salmans sold 24,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $28.12, for a total transaction of $674,880.00. Following the completion of the transaction, the insider now owns 26,242 shares in the company, valued at approximately $737,925.04. The disclosure for this sale can be found here. Insiders sold 206,369 shares of company stock valued at $5,607,917 over the last three months. 22.60% of the stock is currently owned by insiders.
Hilltop Holdings Company Profile
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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