King Luther Capital Management Corp Purchases 3,883 Shares of Hilltop Holdings Inc. (NYSE:HTH)

King Luther Capital Management Corp boosted its position in Hilltop Holdings Inc. (NYSE:HTH) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,982 shares of the financial services provider’s stock after buying an additional 3,883 shares during the quarter. King Luther Capital Management Corp’s holdings in Hilltop were worth $3,859,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hilltop in the third quarter valued at approximately $270,000. Quest Partners LLC grew its position in Hilltop by 61.4% in the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock valued at $1,556,000 after purchasing an additional 18,415 shares in the last quarter. Empowered Funds LLC increased its stake in Hilltop by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 189,856 shares of the financial services provider’s stock valued at $6,106,000 after buying an additional 9,648 shares during the last quarter. Victory Capital Management Inc. lifted its position in Hilltop by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 25,984 shares of the financial services provider’s stock worth $836,000 after buying an additional 1,218 shares in the last quarter. Finally, Versor Investments LP boosted its stake 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 buying an additional 21,600 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares in the company, valued at $17,978,857.21. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of 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. Insiders own 29.30% of the company’s stock.

Hilltop Price Performance

Hilltop stock opened at $32.28 on Friday. Hilltop Holdings Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $35.66. The firm has a market capitalization of $2.10 billion, a PE ratio of 19.80 and a beta of 1.14. The company’s 50-day moving average is $31.75 and its 200-day moving average is $31.52.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The firm had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, analysts expect that Hilltop Holdings Inc. will post 1.49 EPS 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 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HTH. Keefe, Bruyette & Woods lifted their target price on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Stephens raised their price target on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.50.

Hilltop Company Profile

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.