US Bancorp DE Sells 3,047 Shares of Hilltop Holdings Inc. (HTH)
US Bancorp DE cut its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 39,409 shares of the financial services provider’s stock after selling 3,047 shares during the period. US Bancorp DE’s holdings in Hilltop Holdings were worth $1,032,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock valued at $172,222,000 after buying an additional 2,491,245 shares during the period. Vanguard Group Inc. increased its stake in Hilltop Holdings by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock valued at $161,530,000 after buying an additional 249,759 shares during the period. Dimensional Fund Advisors LP increased its stake in Hilltop Holdings by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,679,539 shares of the financial services provider’s stock valued at $156,016,000 after buying an additional 155,403 shares during the period. BlackRock Inc. increased its stake in Hilltop Holdings by 26,007.9% in the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after buying an additional 4,961,778 shares during the period. Finally, State Street Corp increased its stake in Hilltop Holdings by 18.3% in the first quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock valued at $60,393,000 after buying an additional 340,542 shares during the period. Institutional investors and hedge funds own 56.72% of the company’s stock.
Shares of Hilltop Holdings Inc. (HTH) traded down 0.88% during trading on Wednesday, reaching $25.91. The company’s stock had a trading volume of 92,726 shares. The stock has a 50-day moving average of $25.97 and a 200-day moving average of $26.86. Hilltop Holdings Inc. has a 52-week low of $21.04 and a 52-week high of $30.60. The stock has a market cap of $2.50 billion, a P/E ratio of 14.50 and a beta of 1.01.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.20. The company had revenue of $460.67 million during the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. During the same quarter last year, the company earned $0.32 earnings per share. Analysts predict that Hilltop Holdings Inc. will post $1.59 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.24 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, August 11th. Hilltop Holdings’s dividend payout ratio is 13.41%.
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Several equities analysts have weighed in on the company. Zacks Investment Research raised Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. TheStreet raised Hilltop Holdings from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. BidaskClub cut Hilltop Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price objective for the company in a report on Tuesday, August 1st. Finally, ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Hilltop Holdings has an average rating of “Hold” and an average target price of $32.08.
In related news, CEO Alan B. White sold 79,025 shares of Hilltop Holdings stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total transaction of $2,057,020.75. Following the completion of the sale, the chief executive officer now owns 216,124 shares of the company’s stock, valued at $5,625,707.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hill A. Feinberg sold 225,000 shares of Hilltop Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total value of $5,809,500.00. Following the sale, the insider now directly owns 1,083,878 shares of the company’s stock, valued at approximately $27,985,729.96. The disclosure for this sale can be found here. Insiders have sold 311,525 shares of company stock valued at $8,055,071 in the last three months. 22.50% of the stock is owned by corporate 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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