State Street Corp Has $82.59 Million Stake in Hilltop Holdings Inc. (NYSE:HTH)

State Street Corp lifted its stake in Hilltop Holdings Inc. (NYSE:HTH) by 4.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,568,227 shares of the financial services provider’s stock after purchasing an additional 107,348 shares during the quarter. State Street Corp owned 3.95% of Hilltop worth $82,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Hilltop by 69.0% during the 2nd quarter. SG Americas Securities LLC now owns 13,831 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 5,645 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Hilltop in the 2nd quarter worth about $28,000. Louisiana State Employees Retirement System raised its stake in shares of Hilltop by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 400 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hilltop by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider’s stock worth $24,832,000 after purchasing an additional 16,426 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Hilltop in the 2nd quarter valued at approximately $69,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Stock Performance

HTH opened at $31.77 on Tuesday. The firm has a market cap of $2.06 billion, a P/E ratio of 19.49 and a beta of 1.13. The business has a 50 day moving average price of $31.67 and a 200 day moving average price of $31.58. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $0.57 EPS. As a group, analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s dividend payout ratio is currently 41.72%.

Insider Transactions at Hilltop

In other news, CEO Martin Bradley Winges sold 30,851 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 77,748 shares in the company, valued at approximately $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now directly owns 9,124 shares in the company, valued at $291,968. This trade represents a 21.51 % decrease in their position. The disclosure for this sale can be found here. 29.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HTH. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.50.

Hilltop Profile

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.