Hilltop Holdings Inc. $HTH Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp grew its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 153,149 shares of the financial services provider’s stock after purchasing an additional 23,600 shares during the quarter. King Luther Capital Management Corp owned 0.25% of Hilltop worth $5,118,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTH. CWM LLC boosted its holdings in Hilltop by 404.7% during the second quarter. CWM LLC now owns 14,188 shares of the financial services provider’s stock worth $431,000 after buying an additional 11,377 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Hilltop in the third quarter valued at $1,064,000. Public Sector Pension Investment Board lifted its position in shares of Hilltop by 10.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 171,976 shares of the financial services provider’s stock valued at $5,747,000 after acquiring an additional 16,683 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hilltop by 364.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 360,551 shares of the financial services provider’s stock valued at $10,943,000 after acquiring an additional 282,852 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of Hilltop during the 2nd quarter worth $4,079,000. Institutional investors own 57.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HTH shares. Keefe, Bruyette & Woods upped their target price on Hilltop from $34.00 to $39.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded Hilltop from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research upgraded shares of Hilltop from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a report on Thursday, January 22nd. Finally, Stephens upped their price target on shares of Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Insider Transactions at Hilltop

In other news, CAO Keith E. Bornemann sold 2,200 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total transaction of $77,000.00. Following the transaction, the chief accounting officer owned 8,692 shares in the company, valued at $304,220. This represents a 20.20% 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 26,000 shares of Hilltop stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $38.46, for a total transaction of $999,960.00. Following the completion of the sale, the chief executive officer directly owned 65,831 shares of the company’s stock, valued at approximately $2,531,860.26. The trade was a 28.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,225 shares of company stock worth $1,436,516 in the last 90 days. 29.90% of the stock is owned by insiders.

Hilltop Price Performance

Shares of NYSE HTH opened at $38.75 on Friday. Hilltop Holdings Inc. has a one year low of $27.35 and a one year high of $40.41. The business’s 50-day moving average price is $36.35 and its two-hundred day moving average price is $34.48. The company has a market capitalization of $2.30 billion, a P/E ratio of 14.62 and a beta of 0.94.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.23. The business had revenue of $217.40 million during the quarter, compared to analyst estimates of $300.15 million. Hilltop had a return on equity of 7.47% and a net margin of 10.19%.During the same period in the previous year, the company earned $0.55 EPS. On average, equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.20 dividend. This is a positive change from Hilltop’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th. Hilltop’s payout ratio is presently 30.19%.

Hilltop Profile

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.