Hilltop Holdings Inc. (HTH) Position Lessened by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. cut its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,279 shares of the financial services provider’s stock after selling 6,431 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.34% of Hilltop Holdings worth $8,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,760 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hilltop Holdings by 32.9% during the 1st quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,398 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Hilltop Holdings during the 1st quarter valued at approximately $178,000. SG Americas Securities LLC boosted its position in Hilltop Holdings by 64.5% during the 1st quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 3,518 shares in the last quarter. Finally, Harbor Advisors LLC bought a new stake in Hilltop Holdings during the 1st quarter valued at approximately $396,000. 56.32% of the stock is currently owned by institutional investors.
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Several research firms have weighed in on HTH. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price objective on the stock in a research report on Tuesday, August 1st. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub cut Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stephens set a $31.00 price objective on Hilltop Holdings and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Four equities research 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’s stock. Hilltop Holdings presently has a consensus rating of “Hold” and an average target price of $32.08.
In other Hilltop Holdings news, insider Hill A. Feinberg sold 225,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 1,083,878 shares in the company, valued at $27,985,729.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the firm’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 transaction of $114,026.22. Following the completion of the sale, the director now owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by company insiders.
Shares of Hilltop Holdings Inc. (NYSE:HTH) opened at 26.10 on Friday. Hilltop Holdings Inc. has a 12 month low of $21.47 and a 12 month high of $30.60. The stock has a 50 day moving average price of $24.46 and a 200-day moving average price of $25.89. The company has a market capitalization of $2.51 billion, a PE ratio of 14.61 and a beta of 1.00.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The firm had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. During the same period last year, the firm earned $0.32 earnings per share. Analysts forecast that Hilltop Holdings Inc. will post $1.56 EPS for the current year.
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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