LSV Asset Management Grows Stake in Hilltop Holdings Inc. (HTH)

LSV Asset Management increased its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 157.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,738 shares of the financial services provider’s stock after purchasing an additional 76,300 shares during the period. LSV Asset Management owned approximately 0.13% of Hilltop Holdings worth $3,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hilltop Holdings by 93.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,760 shares during the last quarter. First Interstate Bank raised its holdings in shares of Hilltop Holdings by 50.1% during the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,300 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Hilltop Holdings during the first quarter valued at approximately $287,000. Victory Capital Management Inc. raised its holdings in shares of Hilltop Holdings by 32.9% during the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Hilltop Holdings during the first quarter valued at approximately $178,000. 56.32% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on HTH shares. Zacks Investment Research raised shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Hilltop Holdings in a research report on Tuesday, September 12th. BidaskClub lowered shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Compass Point upgraded shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price for the company in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $30.00 target price on shares of Hilltop Holdings in a research report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.08.

In other Hilltop Holdings news, Director Charles Clifton Robinson purchased 10,000 shares of Hilltop Holdings stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $23.90 per share, with a total value of $239,000.00. Following the transaction, the director now owns 1,265,024 shares of the company’s stock, valued at approximately $30,234,073.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $25.98, for a total transaction of $114,026.22. Following the transaction, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The disclosure for this sale can be found here. Company insiders own 22.50% of the company’s stock.

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Shares of Hilltop Holdings Inc. (NYSE HTH) opened at 24.62 on Wednesday. Hilltop Holdings Inc. has a 12 month low of $21.47 and a 12 month high of $30.60. The company’s 50-day moving average is $24.53 and its 200 day moving average is $26.06. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.78 and a beta of 1.02.

Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million during the quarter, compared to analyst estimates of $431.80 million. During the same period last year, the firm posted $0.32 EPS. On average, equities research analysts anticipate that Hilltop Holdings Inc. will post $1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, August 11th. Hilltop Holdings’s dividend payout ratio is presently 13.41%.

Hilltop Holdings 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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Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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