Acadian Asset Management LLC reduced its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 48.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,954 shares of the financial services provider’s stock after selling 233,080 shares during the period. Acadian Asset Management LLC owned about 0.27% of Hilltop worth $5,019,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Hilltop by 2.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 28,875 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 687 shares in the last quarter. US Bancorp DE lifted its position in shares of Hilltop by 52.4% during the second quarter. US Bancorp DE now owns 2,024 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 696 shares in the last quarter. Alps Advisors Inc. raised its holdings in Hilltop by 11.0% in the third quarter. Alps Advisors Inc. now owns 13,947 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 1,383 shares in the last quarter. Swiss National Bank raised its holdings in Hilltop by 1.0% in the third quarter. Swiss National Bank now owns 153,300 shares of the financial services provider’s stock valued at $3,155,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Hilltop by 721.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,522 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,215 shares in the last quarter. 62.68% of the stock is currently owned by institutional investors and hedge funds.
HTH has been the topic of several recent analyst reports. ValuEngine cut shares of Hilltop from a “sell” rating to a “strong sell” rating in a report on Monday, November 2nd. Stephens raised shares of Hilltop from an “equal weight” rating to an “overweight” rating and set a $24.00 price target on the stock in a report on Friday, August 14th. Zacks Investment Research raised shares of Hilltop from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a report on Monday, August 3rd. TheStreet raised shares of Hilltop from a “c+” rating to a “b-” rating in a report on Friday, September 25th. Finally, Truist boosted their target price on shares of Hilltop from $24.00 to $28.00 in a research note on Monday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.75.
Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $0.89 by $0.80. Hilltop had a net margin of 18.09% and a return on equity of 15.34%. During the same quarter last year, the company earned $0.86 earnings per share. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 4.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.49%. Hilltop’s dividend payout ratio is currently 14.75%.
In related news, Director Hill A. Feinberg sold 20,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $20.46, for a total value of $409,200.00. Following the completion of the transaction, the director now owns 702,037 shares in the company, valued at approximately $14,363,677.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.90% of the stock is currently owned by corporate insiders.
Hilltop Holdings Inc provides banking and financial products and services. The company operates through 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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