IndexIQ Advisors LLC Has $820,000 Position in Hilltop Holdings Inc. (HTH)
IndexIQ Advisors LLC boosted its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 83.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,551 shares of the financial services provider’s stock after purchasing an additional 14,323 shares during the quarter. IndexIQ Advisors LLC’s holdings in Hilltop Holdings were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in HTH. Vanguard Group Inc. increased its stake in Hilltop Holdings by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock valued at $161,530,000 after purchasing an additional 249,759 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Hilltop Holdings in the first quarter valued at $1,769,000. BlackRock Inc. increased its stake in Hilltop Holdings by 26,007.9% in the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after purchasing an additional 4,961,778 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Hilltop Holdings by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 332,710 shares of the financial services provider’s stock valued at $9,140,000 after purchasing an additional 24,558 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Hilltop Holdings by 16.6% in the first quarter. Bank of America Corp DE now owns 469,158 shares of the financial services provider’s stock valued at $12,887,000 after purchasing an additional 66,904 shares during the last quarter. Hedge funds and other institutional investors own 56.95% of the company’s stock.
In other news, Director Charles Clifton Robinson purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the purchase, the director now directly owns 1,265,024 shares of the company’s stock, valued at approximately $30,234,073.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.50% of the company’s stock.
Several equities analysts recently commented on HTH shares. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop Holdings in a research note on Tuesday, September 12th. Zacks Investment Research lowered Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Stephens set a $31.00 price target on Hilltop Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Piper Jaffray Companies restated a “hold” rating and set a $30.00 price target on shares of Hilltop Holdings in a research note on Thursday, October 19th. Finally, ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.30.
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Shares of Hilltop Holdings Inc. (HTH) opened at $22.27 on Monday. The company has a market capitalization of $2,135.92, a PE ratio of 14.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop Holdings Inc. has a 12 month low of $21.47 and a 12 month high of $30.60.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.24 annualized dividend and a yield of 1.08%. Hilltop Holdings’s dividend payout ratio is presently 15.29%.
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).
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