Nationwide Fund Advisors Has $3.24 Million Position in Hilltop Holdings Inc. (HTH)

Nationwide Fund Advisors boosted its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,481 shares of the financial services provider’s stock after purchasing an additional 10,766 shares during the period. Nationwide Fund Advisors owned about 0.13% of Hilltop Holdings worth $3,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HTH. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hilltop Holdings by 93.2% in 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. Victory Capital Management Inc. boosted its holdings in Hilltop Holdings by 32.9% in 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. Ameritas Investment Partners Inc. purchased a new position in Hilltop Holdings in the first quarter valued at about $178,000. Principal Financial Group Inc. boosted its holdings in Hilltop Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Hilltop Holdings by 64.5% in the first quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 3,518 shares during the last quarter. 56.32% of the stock is owned by hedge funds and other institutional investors.

HTH has been the subject of a number of analyst reports. Zacks Investment Research raised Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, July 4th. Stephens set a $31.00 price target on Hilltop Holdings and gave the company a “buy” rating in a report on Monday, June 26th. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target for the company in a report on Tuesday, August 1st. ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Hilltop Holdings has a consensus rating of “Hold” and an average price target of $32.08.

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Hilltop Holdings Inc. (NYSE:HTH) opened at 26.29 on Wednesday. The stock has a market cap of $2.53 billion, a P/E ratio of 14.71 and a beta of 1.00. Hilltop Holdings Inc. has a one year low of $21.47 and a one year high of $30.60. The company has a 50-day moving average price of $24.60 and a 200-day moving average price of $25.86.

Hilltop Holdings (NYSE:HTH) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. The business had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. During the same period last year, the business earned $0.32 earnings per share. On average, analysts anticipate that Hilltop Holdings Inc. will post $1.54 earnings per share for the current year.

In other news, Director Charles Clifton Robinson bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average cost of $23.90 per share, with a total value of $239,000.00. Following the completion of the transaction, the director now directly owns 1,265,024 shares in the company, valued at $30,234,073.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of Hilltop Holdings stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $25.82, for a total value of $5,809,500.00. Following the sale, the insider now directly owns 1,083,878 shares in the company, valued at $27,985,729.96. The disclosure for this sale can be found here. 22.50% of the stock is 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).

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

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