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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 owned about 0.13% of Hilltop worth $2,810,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HTH. SG Americas Securities LLC raised its position in shares of Hilltop by 69.0% in the second quarter. SG Americas Securities LLC now owns 13,831 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 5,645 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Hilltop during the 2nd quarter worth $28,000. Louisiana State Employees Retirement System grew its stake in Hilltop by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock valued at $729,000 after buying an additional 400 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Hilltop by 2.1% in 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 acquiring an additional 16,426 shares during the period. Finally, Innealta Capital LLC acquired a new position in Hilltop during the 2nd quarter worth $69,000. 57.13% of the stock is currently owned by institutional investors.

Insider Activity at Hilltop

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

Analysts Set New Price Targets

A number of research firms have recently commented on HTH. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on Hilltop from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.50.

Hilltop Stock Performance

Shares of HTH opened at $31.58 on Friday. The business’s fifty day moving average price is $31.66 and its two-hundred day moving average price is $31.56. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.37 and a beta of 1.13. Hilltop Holdings Inc. has a 52 week low of $28.58 and a 52 week high of $35.66.

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

Hilltop Dividend Announcement

The firm 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. This represents a $0.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

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.