Hilltop Holdings Inc. (NYSE: HTH – Get an assessment) Director Hill A. Feinberg sold 32,500 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $29.69, for a total value of $964,925.00. Following the transaction, the administrator now owns 622,736 shares of the company, valued at approximately $18,489,031.84. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website.
Hilltop Trading up 0.2%
HTH stock traded down $0.06 on Thursday, hitting $29.28. 277,238 shares of the company were traded, compared to its average volume of 819,429. The stock has a market capitalization of $1.89 billion, a price-earnings ratio of 11.01 and a beta of 1, 10. Hilltop Holdings Inc. has a 1-year low of $25.07 and a 1-year high of $38.47. The stock has a fifty-day moving average of $27.69 and a 200-day moving average of $29.17.
Hilltop (NYSE:HTH- Get an assessment) last reported quarterly earnings data on Thursday, July 21. The financial services provider reported EPS of $0.45 for the quarter, beating consensus analyst estimates of $0.32 by $0.13. The company posted revenue of $351.33 million in the quarter, versus a consensus estimate of $328.25 million. Hilltop had a return on equity of 8.78% and a net margin of 13.07%. On average, stock research analysts expect Hilltop Holdings Inc. to post 1.33 earnings per share for the current fiscal year.
Hilltop Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26. Shareholders of record on Friday, August 12 will receive a dividend of $0.15. This represents an annualized dividend of $0.60 and a dividend yield of 2.05%. The ex-date of this dividend is Thursday, August 11. Hilltop’s payout ratio is 22.56%.
Wall Street analysts predict growth
A number of equity research analysts have weighed in on the stock recently. TheStreet upgraded Hilltop’s shares from a “b” to a “c+” rating in a Friday, April 22 research note. Raymond James downgraded Hilltop from a “market performer” rating to an “underperformer” rating in a Thursday, July 7 research report. StockNews.com downgraded Hilltop from a “hold” rating to a “sell” rating in a Tuesday, June 14 research note. Finally, Piper Sandler lowered her target price on Hilltop to $28.00 in a Monday, July 4 report.
Institutional investors weigh in on Hilltop
Major investors have recently changed their positions in the company. Goldman Sachs Group Inc. increased its stake in Hilltop by 197.2% in Q1. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider worth $22,094,000 after purchasing an additional 498,672 shares during the period. Millennium Management LLC increased its position in shares of Hilltop by 111.4% in the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider worth $18,776,000 after purchasing an additional 371,133 shares during the period. State Street Corp increased its holdings of Hilltop shares 8.9% in the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider valued at $105,004,000 after buying an additional 291,456 shares last quarter. Renaissance Technologies LLC acquired a new position in Hilltop during the first quarter worth $8,184,000. Finally, Westwood Holdings Group Inc. increased its stake in Hilltop by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider worth $32,783,000 after acquiring an additional 208,314 shares last quarter. Institutional investors and hedge funds hold 63.52% of the company’s shares.
Hilltop Holdings Inc provides corporate and personal banking, financial products and services. It operates through three segments: Banking, Broker-Dealer and Mortgage Origination. 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, securities purchase and transportation loans, equipment loans and leases, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term and construction financing.
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