Hillcrest Asset Management LLC trimmed its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,356 shares of the financial services provider’s stock after selling 10,911 shares during the period. Hilltop Holdings comprises 1.8% of Hillcrest Asset Management LLC’s investment portfolio, making the stock its 29th biggest holding. Hillcrest Asset Management LLC owned approximately 0.39% of Hilltop Holdings worth $9,681,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Hilltop Holdings by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 332,710 shares of the financial services provider’s stock worth $9,140,000 after buying an additional 24,558 shares in the last quarter. AQR Capital Management LLC grew its holdings in Hilltop Holdings by 62.7% during the 1st quarter. AQR Capital Management LLC now owns 131,331 shares of the financial services provider’s stock valued at $3,608,000 after buying an additional 50,614 shares during the last quarter. Prudential Financial Inc. grew its holdings in Hilltop Holdings by 26.9% during the 2nd quarter. Prudential Financial Inc. now owns 574,745 shares of the financial services provider’s stock valued at $15,065,000 after buying an additional 121,670 shares during the last quarter. BlackRock Inc. grew its holdings in 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 valued at $136,824,000 after buying an additional 4,961,778 shares during the last quarter. Finally, Context BH Capital Management LP grew its holdings in Hilltop Holdings by 28.2% during the 2nd quarter. Context BH Capital Management LP now owns 289,747 shares of the financial services provider’s stock valued at $7,594,000 after buying an additional 63,795 shares during the last quarter. 56.95% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on HTH. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. UBS AG lowered Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $30.00 price target on shares of Hilltop Holdings in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.30.
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Hilltop Holdings Inc. (NYSE HTH) traded up $0.10 during trading hours on Monday, reaching $22.27. The company’s stock had a trading volume of 345,100 shares, compared to its average volume of 337,558. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.04. Hilltop Holdings Inc. has a one year low of $21.47 and a one year high of $30.60. The stock has a market capitalization of $2,135.92, a price-to-earnings ratio of 14.19 and a beta of 1.03.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. Hilltop Holdings’s dividend payout ratio (DPR) is 15.29%.
In related news, Director Charles Clifton Robinson bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the purchase, the director now directly owns 1,265,024 shares in the company, valued at approximately $30,234,073.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.50% of the stock is currently owned by company insiders.
Hilltop Holdings Company Profile
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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