Public Employees Retirement System of Ohio increased its position in Hilltop Holdings Inc. (NYSE:HTH) by 7,583.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 107,876 shares of the financial services provider’s stock after purchasing an additional 106,472 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hilltop were worth $2,577,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HTH. Nuveen Asset Management LLC purchased a new position in Hilltop during the 2nd quarter valued at approximately $24,214,000. Renaissance Technologies LLC boosted its position in shares of Hilltop by 45.8% during the 2nd quarter. Renaissance Technologies LLC now owns 826,584 shares of the financial services provider’s stock valued at $17,581,000 after acquiring an additional 259,600 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Hilltop in the third quarter valued at $4,799,000. Citadel Advisors LLC grew its holdings in shares of Hilltop by 142.0% in the second quarter. Citadel Advisors LLC now owns 268,730 shares of the financial services provider’s stock valued at $5,716,000 after purchasing an additional 157,692 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in Hilltop in the third quarter worth $3,287,000. Institutional investors own 63.25% of the company’s stock.
HTH has been the topic of a number of recent research reports. Raymond James raised shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Thursday, August 29th. Stephens reissued a “hold” rating and issued a $27.00 price objective on shares of Hilltop in a research note on Thursday, November 7th. Finally, ValuEngine raised shares of Hilltop from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.90.
Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.33. The business had revenue of $454.61 million during the quarter, compared to analyst estimates of $406.30 million. Hilltop had a return on equity of 10.05% and a net margin of 11.56%. During the same period last year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 2.18 earnings per share for the current fiscal year.
The business also recently announced a dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 14th. Hilltop’s dividend payout ratio is currently 25.00%.
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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