Harbor Advisors LLC Has $509,000 Stake in Hilltop Holdings Inc. (HTH)
Harbor Advisors LLC grew its stake in Hilltop Holdings Inc. (NYSE:HTH) by 34.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,415 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the period. Harbor Advisors LLC’s holdings in Hilltop Holdings were worth $509,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HTH. BlackRock Inc. boosted its stake 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 worth $136,824,000 after purchasing an additional 4,961,778 shares during the period. FMR LLC grew its holdings in Hilltop Holdings by 65.9% during the 1st quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock valued at $172,222,000 after purchasing an additional 2,491,245 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Hilltop Holdings by 98.5% during the 1st quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock valued at $21,211,000 after purchasing an additional 383,160 shares during the last quarter. State Street Corp raised its position in Hilltop Holdings by 18.3% in the 1st quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock worth $60,393,000 after purchasing an additional 340,542 shares during the period. Finally, Vanguard Group Inc. raised its position in Hilltop Holdings by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock worth $161,530,000 after purchasing an additional 249,759 shares during the period. 56.32% of the stock is owned by institutional investors and hedge funds.
Hilltop Holdings Inc. (NYSE:HTH) traded down 0.34% during midday trading on Wednesday, reaching $26.22. 52,131 shares of the company’s stock traded hands. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.67 and a beta of 1.00. Hilltop Holdings Inc. has a 1-year low of $21.47 and a 1-year high of $30.60. The firm’s 50-day moving average is $24.45 and its 200-day moving average is $25.88.
Hilltop Holdings (NYSE:HTH) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The company had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period in the prior year, the business earned $0.32 EPS. Analysts forecast that Hilltop Holdings Inc. will post $1.56 earnings per share for the current year.
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HTH has been the subject of several analyst reports. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price on the stock in a research note on Tuesday, August 1st. Stephens set a $31.00 target price on Hilltop Holdings and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, July 4th. Finally, BidaskClub downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Hilltop Holdings has an average rating of “Hold” and an average target price of $32.08.
In related news, Director Charles Clifton Robinson acquired 20,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $24.97 per share, for a total transaction of $499,400.00. Following the purchase, the director now owns 1,255,024 shares of the company’s stock, valued at approximately $31,337,949.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hill A. Feinberg sold 225,000 shares of Hilltop Holdings stock in a transaction dated Tuesday, August 8th. The shares were 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 22.50% 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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