Gamco Investors INC. ET AL held its position in shares of Hilltop Holdings Inc. (NYSE:HTH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,100 shares of the financial services provider’s stock at the close of the 2nd quarter. Gamco Investors INC. ET AL owned 0.15% of Hilltop Holdings worth $3,672,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of HTH. BlackRock Inc. raised its holdings in shares of Hilltop Holdings by 26,007.9% in the 1st quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after purchasing an additional 4,961,778 shares in the last quarter. FMR LLC raised its holdings in shares of Hilltop Holdings by 65.9% in the 1st quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock valued at $172,222,000 after purchasing an additional 2,491,245 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hilltop Holdings by 98.5% during the 1st quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock worth $21,211,000 after acquiring an additional 383,160 shares in the last quarter. State Street Corp raised its stake in shares of Hilltop Holdings by 18.3% during the 1st quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock worth $60,393,000 after acquiring an additional 340,542 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Hilltop Holdings by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock worth $161,530,000 after purchasing an additional 249,759 shares during the last quarter. Institutional investors and hedge funds own 56.32% of the company’s stock.
Hilltop Holdings Inc. (NYSE HTH) traded up 0.82% during trading on Friday, reaching $22.04. 464,308 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $24.87 and a 200 day moving average price of $26.32. Hilltop Holdings Inc. has a 52 week low of $21.04 and a 52 week high of $30.60. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 12.33 and a beta of 1.02.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million during the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. During the same period in the prior year, the business earned $0.32 EPS. Equities research analysts forecast that Hilltop Holdings Inc. will post $1.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, August 11th. Hilltop Holdings’s dividend payout ratio (DPR) is presently 13.41%.
In other news, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was 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 directly owns 114,763 shares of the company’s stock, valued at approximately $2,981,542.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $25.82, for a total value of $5,809,500.00. Following the sale, the insider now directly owns 1,083,878 shares of the company’s stock, valued at $27,985,729.96. The disclosure for this sale can be found here. 22.60% of the stock is owned by company insiders.
Several analysts have weighed in on HTH shares. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price on the stock in a research report on Tuesday, August 1st. Stephens set a $31.00 price objective on shares of Hilltop Holdings and gave the company a “buy” rating in a report on Friday, July 28th. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, July 4th. Finally, BidaskClub downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Hilltop Holdings presently has a consensus rating of “Hold” and an average target price of $32.08.
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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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