Garrett Wealth Advisory Group LLC Takes Position in Hilltop Holdings Inc. (NYSE:HTH)

Garrett Wealth Advisory Group LLC acquired a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH) in the third quarter, Holdings Channel.com reports. The fund acquired 3,600 shares of the financial services provider’s stock, valued at approximately $86,000.

Several other large investors also recently made changes to their positions in HTH. Nuveen Asset Management LLC purchased a new stake in shares of Hilltop in the second quarter valued at $24,214,000. Bayview Asset Management LLC increased its stake in shares of Hilltop by 10.7% in the second quarter. Bayview Asset Management LLC now owns 880,756 shares of the financial services provider’s stock worth $18,734,000 after acquiring an additional 85,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Hilltop by 45.8% in the second quarter. Renaissance Technologies LLC now owns 826,584 shares of the financial services provider’s stock worth $17,581,000 after acquiring an additional 259,600 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Hilltop by 7.2% in the second quarter. Hodges Capital Management Inc. now owns 630,546 shares of the financial services provider’s stock worth $13,412,000 after acquiring an additional 42,555 shares during the last quarter. Finally, Man Group plc increased its stake in shares of Hilltop by 2.3% in the second quarter. Man Group plc now owns 535,174 shares of the financial services provider’s stock worth $11,383,000 after acquiring an additional 12,283 shares during the last quarter. Institutional investors own 61.49% of the company’s stock.

Hilltop stock opened at $23.70 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.88 and a beta of 0.84. Hilltop Holdings Inc. has a one year low of $16.43 and a one year high of $25.60. The company’s fifty day moving average price is $24.04 and its two-hundred day moving average price is $21.74.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.24. The firm had revenue of $420.75 million for the quarter, compared to the consensus estimate of $380.83 million. Hilltop had a net margin of 9.56% and a return on equity of 8.02%. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.93 earnings per share for the current year.

HTH has been the topic of a number of research reports. Stephens set a $24.00 price target on shares of Hilltop and gave the stock a “hold” rating in a research note on Friday, August 23rd. ValuEngine downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet raised shares of Hilltop from a “c+” rating to a “b-” rating in a research report on Friday, July 19th. Finally, Raymond James raised shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Hilltop has an average rating of “Buy” and an average target price of $23.42.

In other Hilltop news, insider Darren E. Parmenter sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $96,000.00. Following the transaction, the insider now directly owns 35,778 shares of the company’s stock, valued at $858,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.20% of the company’s stock.

About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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