Hilltop Holdings Inc. (HTH) Shares Bought by Legal & General Group Plc
Legal & General Group Plc raised its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,051 shares of the financial services provider’s stock after acquiring an additional 317 shares during the period. Legal & General Group Plc’s holdings in Hilltop Holdings were worth $683,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HTH. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hilltop Holdings by 93.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,760 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Hilltop Holdings by 32.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,398 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Hilltop Holdings in the 1st quarter worth approximately $178,000. SG Americas Securities LLC lifted its stake in shares of Hilltop Holdings by 64.5% in the 1st quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 3,518 shares during the period. Finally, Harbor Advisors LLC bought a new position in shares of Hilltop Holdings in the 1st quarter worth approximately $396,000. Institutional investors and hedge funds own 56.32% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Compass Point upgraded shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price objective on the stock in a research note on Tuesday, August 1st. BidaskClub cut shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research cut shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. UBS AG cut shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Hilltop Holdings currently has a consensus rating of “Hold” and an average price target of $32.08.
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Hilltop Holdings Inc. (NYSE:HTH) opened at 26.12 on Thursday. The company has a market cap of $2.52 billion, a PE ratio of 14.62 and a beta of 1.00. Hilltop Holdings Inc. has a 52 week low of $21.47 and a 52 week high of $30.60. The stock has a 50 day moving average of $24.46 and a 200 day moving average of $25.89.
Hilltop Holdings (NYSE:HTH) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Equities research analysts predict that Hilltop Holdings Inc. will post $1.56 EPS for the current fiscal year.
In related news, Director Charles Clifton Robinson purchased 20,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $24.97 per share, with a total value of $499,400.00. Following the completion of the acquisition, the director now owns 1,255,024 shares of the company’s stock, valued at approximately $31,337,949.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Markham Green sold 4,389 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the completion of the transaction, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The disclosure for this sale can be found here. 22.60% of the stock is owned by corporate insiders.
Hilltop Holdings 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).
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