Creative Planning lessened its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,214 shares of the financial services provider’s stock after selling 2,100 shares during the period. Creative Planning’s holdings in Hilltop were worth $502,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Sunbelt Securities Inc. bought a new stake in shares of Hilltop during the 4th quarter valued at about $3,116,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Hilltop by 2.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,875 shares of the financial services provider’s stock valued at $533,000 after buying an additional 687 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Hilltop by 6.9% during the 1st quarter. Horizon Kinetics Asset Management LLC now owns 11,904 shares of the financial services provider’s stock valued at $180,000 after buying an additional 773 shares during the last quarter. Strs Ohio grew its position in shares of Hilltop by 2.3% during the 1st quarter. Strs Ohio now owns 40,200 shares of the financial services provider’s stock valued at $607,000 after buying an additional 900 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of Hilltop by 66.7% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,500 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,000 shares during the last quarter. 61.58% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on HTH. SunTrust Banks boosted their price objective on shares of Hilltop from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Zacks Investment Research lowered shares of Hilltop from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a research note on Monday, June 22nd. Finally, ValuEngine lowered shares of Hilltop from a “sell” rating to a “strong sell” rating in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Hilltop presently has an average rating of “Hold” and a consensus price target of $22.00.
Hilltop stock opened at $19.47 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $17.95 and a two-hundred day moving average price of $18.78. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 5.78 and a beta of 1.26. Hilltop Holdings Inc. has a 52-week low of $11.05 and a 52-week high of $26.28.
Hilltop (NYSE:HTH) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.63. The firm had revenue of $572.68 million during the quarter, compared to analyst estimates of $405.40 million. Hilltop had a net margin of 15.53% and a return on equity of 12.84%. Research analysts expect that Hilltop Holdings Inc. will post 2.01 earnings per share for the current year.
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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