Hilltop Holdings Inc. (NYSE:HTH) Stake Raised by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,786 shares of the financial services provider’s stock after acquiring an additional 1,462 shares during the quarter. Inspire Investing LLC’s holdings in Hilltop were worth $411,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hilltop by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 5,239,587 shares of the financial services provider’s stock worth $184,486,000 after acquiring an additional 105,716 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Hilltop by 9.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,742 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 1,049 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Hilltop by 72.6% during the 1st quarter. BNP Paribas Financial Markets now owns 23,349 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 9,824 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Hilltop by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 514 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in shares of Hilltop in the 1st quarter valued at approximately $275,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Trading Down 0.2 %

Shares of Hilltop stock opened at $32.49 on Friday. The firm has a fifty day simple moving average of $31.77 and a 200-day simple moving average of $31.25. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.00 and a beta of 1.13. Hilltop Holdings Inc. has a 1-year low of $26.78 and a 1-year high of $35.66.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The company had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Hilltop Holdings Inc. will post 1.38 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.09%. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

Insider Transactions at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares of the company’s stock, valued at $17,978,857.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 28.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HTH shares. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Stephens upped their price objective on shares of Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods raised their target price on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.50.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking 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, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.