Louisiana State Employees Retirement System Purchases New Shares in Hilltop Holdings Inc. $HTH

Louisiana State Employees Retirement System purchased a new position in Hilltop Holdings Inc. (NYSE:HTHFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,500 shares of the financial services provider’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HTH. EverSource Wealth Advisors LLC boosted its holdings in shares of Hilltop by 22.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the financial services provider’s stock worth $53,000 after buying an additional 289 shares during the period. SG Americas Securities LLC raised its holdings in shares of Hilltop by 1.9% during the fourth quarter. SG Americas Securities LLC now owns 15,919 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 304 shares during the period. Allworth Financial LP lifted its position in shares of Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 313 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Hilltop by 1.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,559 shares of the financial services provider’s stock worth $1,275,000 after purchasing an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Hilltop by 36.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,817 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 483 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings downgraded Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen lowered Hilltop from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.50.

View Our Latest Research Report on Hilltop

Insider Activity

In other news, CAO Keith E. Bornemann sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,912 shares of the company’s stock, valued at $300,656. This trade represents a 20.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhodes R. Bobbitt sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the sale, the director directly owned 87,016 shares of the company’s stock, valued at approximately $3,306,608. The trade was a 10.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,000 shares of company stock worth $1,206,000. Insiders own 5.40% of the company’s stock.

Hilltop Trading Up 0.2%

HTH stock traded up $0.09 during midday trading on Tuesday, reaching $38.69. The company had a trading volume of 2,297 shares, compared to its average volume of 349,383. The company has a 50 day moving average of $37.75 and a two-hundred day moving average of $36.94. The company has a market capitalization of $2.26 billion, a P/E ratio of 14.65 and a beta of 0.88. Hilltop Holdings Inc. has a 1 year low of $29.20 and a 1 year high of $40.41.

Hilltop (NYSE:HTHGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. The business had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $304.87 million. During the same period in the previous year, the company posted $0.65 EPS. On average, sell-side analysts anticipate that Hilltop Holdings Inc. will post 2.33 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.20 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Hilltop’s payout ratio is 30.30%.

About Hilltop

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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