LS Investment Advisors LLC continued to hold its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,082 shares of the company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Hilltop Holdings were worth $1,534,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Hilltop Holdings by 77.3% in the first quarter. BlackRock Inc. now owns 5,276 shares of the company’s stock worth $100,000 after buying an additional 2,301 shares in the last quarter. HBK Investments L P increased its position in Hilltop Holdings by 30.8% in the first quarter. HBK Investments L P now owns 34,395 shares of the company’s stock worth $649,000 after buying an additional 8,095 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Hilltop Holdings by 4.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,369 shares of the company’s stock worth $970,000 after buying an additional 2,185 shares in the last quarter. BlackRock Group LTD increased its position in Hilltop Holdings by 19.5% in the first quarter. BlackRock Group LTD now owns 52,518 shares of the company’s stock worth $991,000 after buying an additional 8,575 shares in the last quarter. Finally, Hillcrest Asset Management LLC bought a new position in Hilltop Holdings during the first quarter worth $6,490,000. 53.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hilltop Holdings Inc. (NYSE:HTH) traded down 0.52% on Friday, hitting $23.08. The stock had a trading volume of 158,532 shares. Hilltop Holdings Inc. has a 52 week low of $14.28 and a 52 week high of $23.39. The company has a 50-day moving average of $22.40 and a 200 day moving average of $20.98. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.13 and a beta of 0.48.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.06. Hilltop Holdings had a return on equity of 7.20% and a net margin of 7.58%. During the same period in the prior year, the business posted $0.30 earnings per share.
HTH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. FBR & Co restated a “hold” rating and issued a $20.50 price target on shares of Hilltop Holdings in a research note on Friday, July 29th. TheStreet downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.80.
In other Hilltop Holdings news, insider Jerry Schaffner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $22.36, for a total value of $111,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.60% of the stock is owned by company insiders.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).
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