Mutual of America Capital Management LLC Has $337,000 Stock Position in Hilltop Holdings Inc. (NYSE:HTH)

Mutual of America Capital Management LLC lifted its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 6.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,253 shares of the financial services provider’s stock after buying an additional 582 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hilltop were worth $337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The PNC Financial Services Group Inc. acquired a new stake in shares of Hilltop during the first quarter worth $31,000. Fifth Third Bancorp acquired a new position in Hilltop in the first quarter valued at about $34,000. Harvest Fund Management Co. Ltd acquired a new position in Hilltop in the first quarter valued at about $42,000. Toronto Dominion Bank acquired a new position in Hilltop in the first quarter valued at about $48,000. Finally, PNC Financial Services Group Inc. raised its stake in Hilltop by 124.5% in the second quarter. PNC Financial Services Group Inc. now owns 2,099 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,164 shares in the last quarter. 66.21% of the stock is owned by institutional investors.

In other news, CEO Jerry Schaffner sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $33.03, for a total transaction of $990,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 22.30% of the company’s stock.

A number of research analysts recently commented on the company. Raymond James downgraded Hilltop from an “outperform” rating to a “market perform” rating and set a $31.89 price target for the company. in a research note on Monday, July 26th. Zacks Investment Research downgraded Hilltop from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Monday, June 28th. Finally, Stephens reissued an “equal weight” rating and set a $31.89 target price (down previously from $35.00) on shares of Hilltop in a research note on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.13.

Shares of NYSE HTH opened at $31.45 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 5.50 and a beta of 1.09. Hilltop Holdings Inc. has a 12 month low of $17.80 and a 12 month high of $39.60. The stock has a 50-day moving average price of $33.13 and a two-hundred day moving average price of $34.83.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, July 22nd. The financial services provider reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.12. The firm had revenue of $447.82 million during the quarter, compared to the consensus estimate of $483.49 million. Hilltop had a return on equity of 19.92% and a net margin of 21.68%. The business’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, sell-side analysts predict that Hilltop Holdings Inc. will post 4.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Friday, August 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Thursday, August 12th. Hilltop’s dividend payout ratio (DPR) is currently 10.48%.

Hilltop Profile

Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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