Nationwide Fund Advisors raised its position in Hilltop Holdings Inc. (NYSE:HTH) by 10.6% during the second quarter, Holdings Channel reports. The firm owned 111,681 shares of the company’s stock after buying an additional 10,713 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of Hilltop Holdings worth $2,344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position 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 during the period. HBK Investments L P raised its position in shares of 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 during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of 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 during the period. BlackRock Group LTD raised its position in shares of 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 during the period. Finally, First Trust Advisors LP acquired a new position in shares of Hilltop Holdings during the second quarter worth approximately $1,162,000. Institutional investors own 53.89% of the company’s stock.
Shares of Hilltop Holdings Inc. (NYSE:HTH) traded up 0.25% during mid-day trading on Tuesday, reaching $23.68. The company’s stock had a trading volume of 21,561 shares. Hilltop Holdings Inc. has a 52-week low of $14.28 and a 52-week high of $23.68. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 18.60 and a beta of 0.48. The firm has a 50 day moving average price of $22.44 and a 200 day moving average price of $21.05.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.06. Hilltop Holdings had a net margin of 7.58% and a return on equity of 7.20%. During the same period in the prior year, the company earned $0.30 earnings per share.
HTH has been the subject of a number of research analyst reports. FBR & Co upped their price target on Hilltop Holdings from $20.50 to $24.00 and gave the stock a “hold” rating in a report on Monday, September 12th. Zacks Investment Research upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet lowered Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Keefe, Bruyette & Woods upped their target price on Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hilltop Holdings has a consensus rating of “Buy” and an average target price of $24.80.
In other Hilltop Holdings news, insider Jerry Schaffner sold 5,000 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.60% of the stock is 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 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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