Stephens Investment Management Group LLC Sells 108,145 Shares of Hilltop Holdings Inc. (HTH)
Stephens Investment Management Group LLC lessened its stake in Hilltop Holdings Inc. (NYSE:HTH) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,562,029 shares of the financial services provider’s stock after selling 108,145 shares during the quarter. Stephens Investment Management Group LLC owned 1.62% of Hilltop Holdings worth $40,941,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hilltop Holdings by 93.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares during the period. First Interstate Bank boosted its stake in shares of Hilltop Holdings by 50.1% in the 1st 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. Founders Capital Management purchased a new position in shares of Hilltop Holdings in the 1st quarter valued at about $118,000. Victory Capital Management Inc. boosted its stake in shares of Hilltop Holdings by 32.9% in the 1st 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. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Hilltop Holdings in the 1st quarter valued at about $178,000. Institutional investors and hedge funds own 56.32% of the company’s stock.
Several equities analysts have recently issued reports on HTH shares. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Stephens set a $31.00 target price on Hilltop Holdings and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Compass Point upgraded Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price for the company in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Hilltop Holdings currently has an average rating of “Hold” and an average target price of $32.08.
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Hilltop Holdings Inc. (NYSE:HTH) traded up 1.13% on Monday, hitting $22.29. The stock had a trading volume of 205,613 shares. Hilltop Holdings Inc. has a 12-month low of $21.04 and a 12-month high of $30.60. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 12.47 and a beta of 1.02. The company’s 50 day moving average price is $24.84 and its 200-day moving average price is $26.29.
Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts anticipate that Hilltop Holdings Inc. will post $1.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a $0.06 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. Hilltop Holdings’s dividend payout ratio is currently 13.41%.
In other news, insider Hill A. Feinberg sold 225,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J Markham Green sold 4,389 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the completion of the sale, the director now owns 114,763 shares in the company, valued at $2,981,542.74. The disclosure for this sale can be found here. Corporate insiders own 22.50% of the company’s stock.
About Hilltop Holdings
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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