Public Employees Retirement System of Ohio Buys New Position in Hilltop Holdings Inc. $HTH

Public Employees Retirement System of Ohio purchased a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,387 shares of the financial services provider’s stock, valued at approximately $2,070,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Hilltop at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 918 shares during the last quarter. Strategic Wealth Advisors LLC purchased a new stake in shares of Hilltop in the second quarter valued at about $33,000. Allworth Financial LP raised its holdings in shares of Hilltop by 37.3% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 313 shares during the last quarter. Danske Bank A S bought a new position in shares of Hilltop during the third quarter valued at about $43,000. Finally, Signaturefd LLC boosted its holdings in Hilltop by 276.4% during the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,006 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Down 0.1%

Hilltop stock opened at $39.20 on Monday. Hilltop Holdings Inc. has a twelve month low of $30.78 and a twelve month high of $40.41. The firm has a 50 day moving average price of $38.83 and a 200-day moving average price of $37.75. The company has a market capitalization of $2.25 billion, a P/E ratio of 14.52 and a beta of 0.88.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The company had revenue of $315.81 million for the quarter, compared to analysts’ expectations of $306.18 million. During the same quarter in the previous year, the firm posted $0.57 EPS. Equities analysts expect that Hilltop Holdings Inc. will post 2.59 EPS for the current fiscal year.

Hilltop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.22 dividend. The ex-dividend date was Friday, August 7th. This is a boost from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. Hilltop’s dividend payout ratio is presently 32.59%.

Analyst Ratings Changes

HTH has been the subject of several analyst reports. Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods boosted their target price on Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and set a $42.00 price target on shares of Hilltop in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Insider Activity at Hilltop

In other news, Director Rhodes Bobbitt sold 20,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $40.12, for a total transaction of $802,400.00. Following the completion of the transaction, the director owned 56,096 shares in the company, valued at approximately $2,250,571.52. This represents a 26.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 52,555 shares of company stock worth $2,087,714. 5.40% of the stock is owned by corporate insiders.

About Hilltop

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.