Hsbc Holdings PLC Sells 2,806 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Hsbc Holdings PLC cut its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 28.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,971 shares of the financial services provider’s stock after selling 2,806 shares during the quarter. Hsbc Holdings PLC’s holdings in Hilltop were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HTH. 1620 Investment Advisors Inc. acquired a new position in Hilltop in the 2nd quarter valued at $28,000. Innealta Capital LLC bought a new position in shares of Hilltop during the second quarter worth approximately $69,000. SG Americas Securities LLC raised its position in shares of Hilltop by 91.1% in the first quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock valued at $256,000 after buying an additional 3,902 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Hilltop in the first quarter valued at approximately $275,000. Finally, ProShare Advisors LLC grew its position in Hilltop by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after buying an additional 647 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HTH. Stephens increased their target price on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. StockNews.com downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Buying and Selling

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.99, for a total transaction of $566,009.43. Following the transaction, the director now directly owns 544,979 shares of the company’s stock, valued at approximately $17,978,857.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 28.90% of the stock is currently owned by insiders.

Hilltop Stock Up 0.3 %

Shares of HTH opened at $31.28 on Friday. The business has a 50-day simple moving average of $31.84 and a two-hundred day simple moving average of $31.20. Hilltop Holdings Inc. has a 12-month low of $26.78 and a 12-month high of $35.66. The stock has a market cap of $2.04 billion, a PE ratio of 18.29 and a beta of 1.13.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $283.22 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts expect that Hilltop Holdings Inc. will post 1.36 EPS 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 of this dividend was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.17%. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

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.