UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.81 Million Stake in Hilltop Holdings Inc. (NYSE:HTH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 9.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 87,370 shares of the financial services provider’s stock after selling 9,555 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hilltop were worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HTH. 1620 Investment Advisors Inc. bought a new position in Hilltop in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in shares of Hilltop during the 2nd quarter worth $69,000. FMR LLC lifted its position in shares of Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after buying an additional 885 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hilltop in the third quarter valued at about $185,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in Hilltop during the third quarter worth about $203,000. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Shares of HTH stock opened at $31.58 on Friday. Hilltop Holdings Inc. has a 1-year low of $28.58 and a 1-year high of $35.66. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 19.37 and a beta of 1.13. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $31.56.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same quarter in the prior year, the firm posted $0.57 EPS. Sell-side analysts forecast that Hilltop Holdings Inc. will post 1.48 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.15%. Hilltop’s dividend payout ratio is 41.72%.

Wall Street Analysts Forecast Growth

HTH has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Transactions at Hilltop

In related news, CEO Martin Bradley Winges sold 30,851 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the transaction, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. The trade was a 28.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. The trade was a 21.51 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is owned by insiders.

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.