Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 6.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,935 shares of the financial services provider’s stock after selling 863 shares during the period. Hilltop Holdings Inc.’s holdings in Hilltop were worth $384,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Quest Partners LLC increased its stake in Hilltop by 61.4% during the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,415 shares during the last quarter. Versor Investments LP grew its holdings in shares of Hilltop by 171.4% during the 3rd quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 21,600 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Hilltop during the 3rd quarter worth approximately $575,000. Charles Schwab Investment Management Inc. raised its holdings in Hilltop by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock valued at $25,537,000 after buying an additional 19,936 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Hilltop by 187.9% during the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock valued at $16,443,000 after buying an additional 333,695 shares in the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Up 1.6 %

Shares of NYSE:HTH opened at $31.83 on Friday. The company has a 50 day moving average of $31.62 and a two-hundred day moving average of $31.54. Hilltop Holdings Inc. has a 52-week low of $28.58 and a 52-week high of $35.66. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.53 and a beta of 1.13.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The business had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. During the same period last year, the business earned $0.57 EPS. On average, equities analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is 41.72%.

Insider Activity at Hilltop

In other news, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. This represents a 21.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the transaction, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HTH. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.50.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.