Prudential Financial Inc. Has $16.20 Million Position in Hilltop Holdings Inc. (HTH)
Prudential Financial Inc. boosted its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 623,015 shares of the financial services provider’s stock after acquiring an additional 48,270 shares during the quarter. Prudential Financial Inc. owned 0.65% of Hilltop Holdings worth $16,198,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Hilltop Holdings by 0.6% in the 2nd quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock valued at $165,245,000 after acquiring an additional 35,179 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hilltop Holdings by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock valued at $154,877,000 after buying an additional 28,889 shares during the period. BlackRock Inc. lifted its holdings in shares of Hilltop Holdings by 26,007.9% during the 1st 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. Northern Trust Corp lifted its holdings in shares of Hilltop Holdings by 0.9% during the 2nd quarter. Northern Trust Corp now owns 968,261 shares of the financial services provider’s stock valued at $25,378,000 after buying an additional 8,696 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hilltop Holdings by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 832,507 shares of the financial services provider’s stock valued at $21,820,000 after buying an additional 60,344 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on HTH shares. BidaskClub cut Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stephens set a $31.00 price target on Hilltop Holdings and gave the company a “buy” rating in a report on Friday, July 28th. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a report on Tuesday, August 1st. Zacks Investment Research cut Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Hilltop Holdings presently has an average rating of “Hold” and an average price target of $33.30.
Hilltop Holdings Inc. (NYSE HTH) opened at $22.93 on Monday. Hilltop Holdings Inc. has a twelve month low of $21.47 and a twelve month high of $30.60. The company has a market capitalization of $2,199.22, a price-to-earnings ratio of 14.60 and a beta of 1.03. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.04.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. Hilltop Holdings’s dividend payout ratio is currently 15.29%.
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In related news, Director Charles Clifton Robinson bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of $23.90 per share, with a total value of $239,000.00. Following the acquisition, the director now owns 1,265,024 shares in the company, valued at $30,234,073.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.50% of the stock is currently owned by company 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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