Voya Investment Management LLC Sells 21,222 Shares of Hilltop Holdings Inc. $HTH

Voya Investment Management LLC lowered its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,559 shares of the financial services provider’s stock after selling 21,222 shares during the period. Voya Investment Management LLC owned about 0.15% of Hilltop worth $3,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC bought a new position in shares of Hilltop during the 1st quarter worth about $515,000. Trexquant Investment LP raised its position in Hilltop by 82.6% in the first quarter. Trexquant Investment LP now owns 81,748 shares of the financial services provider’s stock worth $2,489,000 after purchasing an additional 36,984 shares in the last quarter. Royal Bank of Canada raised its position in Hilltop by 41.9% in the first quarter. Royal Bank of Canada now owns 10,818 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 3,192 shares in the last quarter. AQR Capital Management LLC lifted its stake in Hilltop by 623.7% during the first quarter. AQR Capital Management LLC now owns 79,654 shares of the financial services provider’s stock worth $2,425,000 after purchasing an additional 68,648 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Hilltop by 3.6% during the first quarter. Bridgeway Capital Management LLC now owns 364,113 shares of the financial services provider’s stock valued at $11,087,000 after purchasing an additional 12,585 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Insider Buying and Selling at Hilltop

In other news, CAO Keith E. Bornemann sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total transaction of $77,000.00. Following the transaction, the chief accounting officer directly owned 8,692 shares in the company, valued at approximately $304,220. This represents a 20.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 29.90% of the company’s stock.

Hilltop Price Performance

HTH stock opened at $34.63 on Friday. The business has a fifty day moving average price of $33.82 and a 200 day moving average price of $32.74. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $36.13. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.80 and a beta of 0.94.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.49 by $0.25. Hilltop had a return on equity of 7.18% and a net margin of 9.86%.The company had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $309.68 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, November 7th. Hilltop’s dividend payout ratio (DPR) is presently 28.69%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a report on Wednesday, October 8th. Zacks Research cut Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Stephens increased their price objective on Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.00.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.