Strs Ohio lowered its stake in Hilltop Holdings Inc. (NYSE:HTH) by 3.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 50,600 shares of the company’s stock after selling 1,800 shares during the period. Strs Ohio’s holdings in Hilltop Holdings were worth $1,062,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HTH. Hillcrest Asset Management LLC purchased a new position in Hilltop Holdings during the first quarter valued at $6,490,000. Bank of Montreal Can purchased a new position in Hilltop Holdings during the second quarter valued at $2,418,000. Geode Capital Management LLC boosted its position in Hilltop Holdings by 2.5% in the first quarter. Geode Capital Management LLC now owns 698,869 shares of the company’s stock valued at $13,194,000 after buying an additional 17,020 shares during the last quarter. BlackRock Group LTD boosted 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 valued at $991,000 after buying an additional 8,575 shares during the last quarter. Finally, HBK Investments L P boosted 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 valued at $649,000 after buying an additional 8,095 shares during the last quarter. Hedge funds and other institutional investors own 53.89% of the company’s stock.
Hilltop Holdings Inc. (NYSE:HTH) traded up 0.70% during mid-day trading on Friday, reaching $23.15. The company had a trading volume of 169,916 shares. The stock has a 50 day moving average price of $22.55 and a 200-day moving average price of $21.13. The stock has a market capitalization of $2.28 billion, a P/E ratio of 18.19 and a beta of 0.48. Hilltop Holdings Inc. has a 12-month low of $14.28 and a 12-month high of $23.68.
Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm earned $0.30 EPS.
HTH has been the topic of several recent research reports. FBR & Co increased their price objective on Hilltop Holdings from $20.50 to $24.00 and gave the stock a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods increased their price objective on Hilltop Holdings from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. TheStreet cut Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hilltop Holdings has a consensus rating of “Buy” and an average target price of $25.00.
In other Hilltop Holdings news, insider Jerry Schaffner sold 5,000 shares of the business’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 transaction of $111,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 22.60% of the company’s stock.
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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