HighTower Advisors LLC held its stake in Hilltop Holdings Inc. (NYSE:HTH) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,864 shares of the financial services provider’s stock at the end of the first quarter. HighTower Advisors LLC’s holdings in Hilltop Holdings were worth $326,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Hillcrest Asset Management LLC increased its stake in Hilltop Holdings by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 383,644 shares of the financial services provider’s stock worth $10,539,000 after buying an additional 28,129 shares in the last quarter. CWM LLC acquired a new stake in Hilltop Holdings during the first quarter worth $579,000. Alpha Windward LLC acquired a new stake in Hilltop Holdings during the first quarter worth $466,000. Bank of Montreal Can increased its stake in Hilltop Holdings by 3.4% in the first quarter. Bank of Montreal Can now owns 117,212 shares of the financial services provider’s stock worth $3,220,000 after buying an additional 3,809 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Hilltop Holdings by 41,628.6% in the first quarter. Creative Planning now owns 23,368 shares of the financial services provider’s stock valued at $642,000 after buying an additional 23,312 shares during the period. 55.79% of the stock is currently owned by hedge funds and other institutional investors.
Hilltop Holdings Inc. (NYSE HTH) opened at 25.97 on Friday. Hilltop Holdings Inc. has a 1-year low of $21.04 and a 1-year high of $30.60. The company has a market cap of $2.56 billion, a PE ratio of 17.70 and a beta of 1.03. The firm’s 50-day moving average is $26.13 and its 200 day moving average is $26.97.
Hilltop Holdings (NYSE:HTH) last issued its earnings results on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.07. Hilltop Holdings had a return on equity of 7.81% and a net margin of 8.33%. The business had revenue of $363.54 million for the quarter, compared to analyst estimates of $393.23 million. During the same period last year, the business posted $0.28 EPS. Analysts predict that Hilltop Holdings Inc. will post $1.64 earnings per share for the current fiscal year.
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Several brokerages recently commented on HTH. BidaskClub downgraded shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens set a $31.00 price objective on shares of Hilltop Holdings and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, July 4th. TheStreet raised shares of Hilltop Holdings from a “c+” rating to a “b” rating in a research report on Wednesday, May 3rd. Finally, ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.08.
In related news, CEO Alan B. White sold 79,025 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total transaction of $2,057,020.75. Following the transaction, the chief executive officer now owns 216,124 shares in the company, valued at approximately $5,625,707.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jerry Schaffner sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $25.14, for a total value of $188,550.00. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by company insiders.
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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