Harbor Capital Advisors Inc. Increases Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Harbor Capital Advisors Inc. boosted its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,794 shares of the financial services provider’s stock after buying an additional 769 shares during the period. Harbor Capital Advisors Inc.’s holdings in Hilltop were worth $444,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new position in Hilltop during the second quarter valued at $28,000. Innealta Capital LLC bought a new position in Hilltop during the 2nd quarter valued at about $69,000. Beese Fulmer Investment Management Inc. purchased a new stake in Hilltop in the 3rd quarter worth about $203,000. SG Americas Securities LLC lifted its stake in Hilltop by 91.1% in the first quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 3,902 shares during the last quarter. Finally, Duality Advisers LP purchased a new position in shares of Hilltop during the first quarter valued at approximately $275,000. 57.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction that occurred on Thursday, August 29th. The shares were 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 $17,978,857.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 29.30% of the company’s stock.

Hilltop Stock Performance

Shares of NYSE HTH opened at $32.69 on Friday. Hilltop Holdings Inc. has a 52-week low of $28.45 and a 52-week high of $35.66. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.06 and a beta of 1.14. The stock has a 50 day moving average price of $31.70 and a 200 day moving average price of $31.40.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. During the same quarter in the prior year, the company earned $0.57 EPS. Analysts forecast that Hilltop Holdings Inc. will post 1.39 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is 41.72%.

Wall Street Analysts Forecast Growth

HTH has been the topic of several recent analyst reports. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Stephens increased their target price on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. 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 note on Monday, July 29th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.