Hilltop Holdings Inc. $HTH Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 41.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,790 shares of the financial services provider’s stock after selling 98,698 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.23% of Hilltop worth $4,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Hilltop by 0.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider’s stock valued at $26,419,000 after purchasing an additional 7,302 shares during the period. Goldman Sachs Group Inc. grew its stake in Hilltop by 32.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider’s stock worth $24,247,000 after buying an additional 192,991 shares during the last quarter. Millennium Management LLC increased its position in Hilltop by 3.7% in the third quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider’s stock worth $25,477,000 after buying an additional 27,203 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Hilltop by 37.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider’s stock worth $23,788,000 after buying an additional 194,287 shares during the period. Finally, UBS Group AG lifted its stake in Hilltop by 42.3% in the third quarter. UBS Group AG now owns 647,003 shares of the financial services provider’s stock valued at $21,623,000 after buying an additional 192,439 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilltop

In other Hilltop news, CEO Martin Bradley Winges sold 26,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $38.46, for a total transaction of $999,960.00. Following the sale, the chief executive officer directly owned 65,831 shares in the company, valued at approximately $2,531,860.26. The trade was a 28.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve B. Thompson sold 9,025 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $39.84, for a total transaction of $359,556.00. Following the completion of the sale, the chief executive officer directly owned 91,817 shares of the company’s stock, valued at approximately $3,657,989.28. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 294,796 shares of company stock valued at $11,225,619. Company insiders own 29.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HTH. Wall Street Zen raised shares of Hilltop from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a research report on Thursday, January 22nd. Zacks Research lowered shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.50.

Hilltop Price Performance

Shares of Hilltop stock opened at $35.52 on Thursday. Hilltop Holdings Inc. has a 1-year low of $27.35 and a 1-year high of $40.41. The business’s fifty day moving average price is $37.15 and its two-hundred day moving average price is $34.98. The company has a market capitalization of $2.11 billion, a P/E ratio of 13.40 and a beta of 0.92.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.23. Hilltop had a return on equity of 7.47% and a net margin of 10.19%.The company had revenue of $217.40 million during the quarter, compared to analysts’ expectations of $300.15 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Hilltop’s previous quarterly dividend of $0.18. Hilltop’s dividend payout ratio is 30.19%.

Hilltop Profile

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.