Assenagon Asset Management S.A. Increases Stock Position in Hilltop Holdings Inc. (NYSE:HTH)

Assenagon Asset Management S.A. raised its position in Hilltop Holdings Inc. (NYSE:HTH) by 187.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 511,286 shares of the financial services provider’s stock after buying an additional 333,695 shares during the period. Assenagon Asset Management S.A.’s holdings in Hilltop were worth $16,443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in shares of Hilltop in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in Hilltop in the second quarter valued at approximately $69,000. Beese Fulmer Investment Management Inc. purchased a new stake in shares of Hilltop in the third quarter valued at approximately $203,000. SG Americas Securities LLC increased 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. Finally, Duality Advisers LP acquired a new position in shares of Hilltop during the 1st quarter worth approximately $275,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director Hill A. Feinberg sold 17,157 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 28.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HTH. Stephens boosted their price target 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. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.50.

Hilltop Stock Down 1.1 %

Hilltop stock opened at $30.21 on Friday. The company has a fifty day simple moving average of $31.82 and a 200-day simple moving average of $31.27. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.67 and a beta of 1.13. Hilltop Holdings Inc. has a 52-week low of $26.96 and a 52-week high of $35.66.

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, topping analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $411.49 million for the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. During the same period last year, the company posted $0.57 EPS. On average, research analysts anticipate that Hilltop Holdings Inc. will post 1.38 EPS for the current fiscal year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, November 8th. Hilltop’s payout ratio is currently 39.77%.

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.