SG Americas Securities LLC increased its position in Hilltop Holdings Inc. (NYSE:HTH) by 188.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,766 shares of the financial services provider’s stock after purchasing an additional 18,807 shares during the period. SG Americas Securities LLC’s holdings in Hilltop were worth $525,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Hilltop by 36.2% during the third quarter. Renaissance Technologies LLC now owns 107,284 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 28,500 shares in the last quarter. Vanguard Group Inc. boosted its position in Hilltop by 1.3% during the third quarter. Vanguard Group Inc. now owns 6,368,046 shares of the financial services provider’s stock valued at $128,443,000 after purchasing an additional 78,963 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Hilltop during the fourth quarter valued at about $95,000. Lenox Wealth Management Inc. bought a new stake in Hilltop during the fourth quarter valued at about $355,000. Finally, Quantamental Technologies LLC bought a new stake in Hilltop during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 58.88% of the company’s stock.

A number of brokerages recently weighed in on HTH. Piper Jaffray Companies raised Hilltop from a “neutral” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research report on Thursday, March 28th. Zacks Investment Research upgraded Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 30th. TheStreet upgraded Hilltop from a “c” rating to a “b” rating in a research note on Wednesday, May 1st. Compass Point reiterated a “buy” rating and issued a $21.50 price target (down from $25.00) on shares of Hilltop in a research note on Monday, January 28th. Finally, ValuEngine upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.90.

In other news, CEO Alan B. White sold 69,029 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $19.36, for a total value of $1,336,401.44. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares in the company, valued at $4,145,944. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Alan B. White sold 8,657 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $19.40, for a total value of $167,945.80. Following the completion of the transaction, the chief executive officer now owns 214,150 shares of the company’s stock, valued at $4,154,510. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.

Hilltop stock opened at $20.09 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.88. Hilltop Holdings Inc. has a one year low of $16.43 and a one year high of $24.09. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 15.70 and a beta of 0.89.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. The company had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Hilltop Holdings Inc. will post 1.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, May 14th. Hilltop’s payout ratio is 25.00%.

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About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

See Also: Buyback

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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