Cambiar Investors LLC lowered its stake in Hilltop Holdings Inc. (NYSE:HTH) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,623 shares of the financial services provider’s stock after selling 134,962 shares during the period. Cambiar Investors LLC owned 0.49% of Hilltop Holdings worth $12,236,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of 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 worth $9,140,000 after buying an additional 24,558 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Hilltop Holdings by 62.7% in the first quarter. AQR Capital Management LLC now owns 131,331 shares of the financial services provider’s stock worth $3,608,000 after buying an additional 50,614 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Hilltop Holdings by 26.9% in the second quarter. Prudential Financial Inc. now owns 574,745 shares of the financial services provider’s stock worth $15,065,000 after buying an additional 121,670 shares during the last quarter. BlackRock Inc. raised its holdings in shares of 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 worth $136,824,000 after buying an additional 4,961,778 shares during the last quarter. Finally, Context BH Capital Management LP raised its holdings in shares of Hilltop Holdings by 28.2% in the second quarter. Context BH Capital Management LP now owns 289,747 shares of the financial services provider’s stock worth $7,594,000 after buying an additional 63,795 shares during the last quarter. 56.95% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on HTH. Zacks Investment Research cut shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. UBS AG cut shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $30.00 target price on shares of Hilltop Holdings in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.30.
In other Hilltop Holdings news, Director Charles Clifton Robinson bought 10,000 shares of Hilltop Holdings stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of $23.90 per share, with a total value of $239,000.00. Following the completion of the acquisition, the director now directly owns 1,265,024 shares in the company, valued at approximately $30,234,073.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.50% of the company’s stock.
Shares of Hilltop Holdings Inc. (NYSE:HTH) traded up $0.23 during trading on Tuesday, hitting $22.50. 354,800 shares of the company traded hands, compared to its average volume of 337,637. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $30.60. The stock has a market capitalization of $2,135.92, a PE ratio of 14.19 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. Hilltop Holdings’s dividend payout ratio (DPR) is presently 15.29%.
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About Hilltop Holdings
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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