California Public Employees Retirement System lowered its position in Hilltop Holdings Inc. (NYSE:HTH) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,000 shares of the financial services provider’s stock after selling 13,300 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Hilltop Holdings worth $5,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hilltop Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 348 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,398 shares during the last quarter. SG Americas Securities LLC lifted its stake in Hilltop Holdings by 64.5% in the first quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 3,518 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hilltop Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 186 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Hilltop Holdings by 0.8% in the second quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 56.32% of the company’s stock.

Shares of Hilltop Holdings Inc. (NYSE HTH) opened at 25.83 on Thursday. The firm has a market cap of $2.49 billion, a PE ratio of 14.45 and a beta of 1.00. The stock’s 50 day moving average is $24.87 and its 200-day moving average is $25.86. Hilltop Holdings Inc. has a 1-year low of $21.47 and a 1-year high of $30.60.

Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The company had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period in the previous year, the firm earned $0.32 EPS. Analysts expect that Hilltop Holdings Inc. will post $1.51 earnings per share for the current year.

In related news, insider Hill A. Feinberg sold 225,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total value of $5,809,500.00. Following the transaction, the insider now directly owns 1,083,878 shares of the company’s stock, valued at approximately $27,985,729.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Clifton Robinson purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $24.97 per share, for a total transaction of $499,400.00. Following the completion of the acquisition, the director now directly owns 1,255,024 shares in the company, valued at approximately $31,337,949.28. The disclosure for this purchase can be found here. 22.60% of the stock is currently owned by insiders.

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A number of analysts have commented on the stock. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. UBS AG cut shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Stephens upgraded shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $31.00 to $47.00 in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Hilltop Holdings has an average rating of “Hold” and a consensus price target of $32.08.

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 Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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