Hilltop Holdings Inc. (HTH) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilltop Holdings Inc. (NYSE:HTH) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,996 shares of the financial services provider’s stock after buying an additional 348 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hilltop Holdings were worth $105,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HTH. First Interstate Bank lifted its holdings 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 during the period. Victory Capital Management Inc. lifted its holdings 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 during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Hilltop Holdings in the first quarter valued at $178,000. Airain ltd acquired a new stake in shares of Hilltop Holdings in the first quarter valued at $232,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Hilltop Holdings by 64.5% in the first quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock valued at $246,000 after buying an additional 3,518 shares during the period. Institutional investors and hedge funds own 56.32% of the company’s stock.
Shares of Hilltop Holdings Inc. (NYSE:HTH) opened at 24.90 on Monday. The stock’s 50 day moving average price is $24.53 and its 200 day moving average price is $26.06. Hilltop Holdings Inc. has a one year low of $21.47 and a one year high of $30.60. The stock has a market capitalization of $2.40 billion, a P/E ratio of 13.93 and a beta of 1.02.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $431.80 million. During the same period last year, the company earned $0.32 EPS. On average, analysts forecast that Hilltop Holdings Inc. will post $1.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.06 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.96%. Hilltop Holdings’s dividend payout ratio is currently 13.41%.
In other Hilltop Holdings news, insider Hill A. Feinberg sold 225,000 shares of Hilltop Holdings stock in a transaction dated 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 in the company, valued at $27,985,729.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles Clifton Robinson bought 10,000 shares of Hilltop Holdings stock in a transaction on Wednesday, August 30th. The shares were acquired at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the acquisition, the director now owns 1,265,024 shares of the company’s stock, valued at approximately $30,234,073.60. The disclosure for this purchase can be found here. 22.50% of the stock is owned by company insiders.
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Several brokerages have recently weighed in on HTH. BidaskClub upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. UBS AG downgraded Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Hilltop Holdings presently has an average rating of “Hold” and an average price target of $32.08.
Hilltop Holdings 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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