D.A. Davidson & CO. Acquires New Position in Hilltop Holdings Inc. (HTH)

D.A. Davidson & CO. acquired a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the 3rd quarter, HoldingsChannel reports. The fund acquired 12,500 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Hilltop by 2.4% in the third quarter. FMR LLC now owns 6,832,993 shares of the financial services provider’s stock valued at $137,822,000 after buying an additional 162,562 shares during the period. BlackRock Inc. increased its stake in shares of Hilltop by 4.2% in the second quarter. BlackRock Inc. now owns 5,059,875 shares of the financial services provider’s stock valued at $111,670,000 after buying an additional 204,492 shares during the period. CDAM UK Ltd increased its stake in shares of Hilltop by 20.3% in the second quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock valued at $51,770,000 after buying an additional 395,939 shares during the period. Millennium Management LLC increased its stake in shares of Hilltop by 215.2% in the second quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock valued at $42,587,000 after buying an additional 1,317,402 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Hilltop by 57.4% in the second quarter. Northern Trust Corp now owns 1,454,311 shares of the financial services provider’s stock valued at $32,095,000 after buying an additional 530,298 shares during the period. 59.99% of the stock is owned by institutional investors.

In related news, insider Hill A. Feinberg sold 51,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $19.87, for a total value of $1,013,370.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.30% of the company’s stock.

Several research analysts have recently issued reports on HTH shares. SunTrust Banks lowered their price objective on Hilltop from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Zacks Investment Research reaffirmed a “hold” rating on shares of Hilltop in a research note on Tuesday, November 13th. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research note on Monday, October 29th. Stephens set a $24.00 price objective on Hilltop and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, ValuEngine raised Hilltop from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.60.

Shares of HTH stock opened at $18.14 on Friday. Hilltop Holdings Inc. has a one year low of $17.16 and a one year high of $28.32. The company has a market capitalization of $1.72 billion, a P/E ratio of 12.83 and a beta of 0.79. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Hilltop had a net margin of 6.55% and a return on equity of 7.00%. The company had revenue of $380.04 million during the quarter, compared to the consensus estimate of $385.07 million. As a group, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, November 14th. Hilltop’s payout ratio is presently 16.87%.

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Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. Its 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, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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