Hilltop Holdings Inc. (HTH) Position Boosted by Vanguard Group Inc.
Vanguard Group Inc. raised its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,909,111 shares of the financial services provider’s stock after buying an additional 28,889 shares during the quarter. Vanguard Group Inc. owned about 6.13% of Hilltop Holdings worth $154,877,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Northern Trust Corp grew its position in Hilltop Holdings by 0.9% during the second quarter. Northern Trust Corp now owns 968,261 shares of the financial services provider’s stock worth $25,378,000 after buying an additional 8,696 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Hilltop Holdings in the 2nd quarter worth about $540,000. New York State Common Retirement Fund boosted its holdings in shares of Hilltop Holdings by 2.7% in the 2nd quarter. New York State Common Retirement Fund now owns 110,009 shares of the financial services provider’s stock worth $2,883,000 after purchasing an additional 2,899 shares in the last quarter. Context BH Capital Management LP boosted its holdings in shares of Hilltop Holdings by 28.2% in the 2nd quarter. Context BH Capital Management LP now owns 289,747 shares of the financial services provider’s stock worth $7,594,000 after purchasing an additional 63,795 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Hilltop Holdings in the 2nd quarter worth about $298,000. Institutional investors and hedge funds own 56.32% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $30.00 price objective on shares of Hilltop Holdings in a report on Thursday. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop Holdings in a report on Tuesday, September 12th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. Finally, UBS AG cut Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Hilltop Holdings currently has an average rating of “Hold” and an average target price of $32.08.
In related news, Director Charles Clifton Robinson purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the transaction, the director now owns 1,265,024 shares in the company, valued at approximately $30,234,073.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $5,809,500.00. Following the completion of the transaction, the insider now 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. Company insiders own 22.60% of the company’s stock.
Hilltop Holdings Inc. (NYSE:HTH) opened at 26.03 on Friday. The stock has a market capitalization of $2.51 billion, a PE ratio of 14.57 and a beta of 1.00. The stock has a 50 day moving average price of $24.99 and a 200-day moving average price of $25.83. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $30.60.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, topping 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 business posted $0.32 earnings per share. On average, equities analysts anticipate that Hilltop Holdings Inc. will post $1.51 earnings per share for the current fiscal year.
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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