JPMorgan Chase & Co. Purchases 15,346 Shares of Hilltop Holdings Inc. (NYSE:HTH)

JPMorgan Chase & Co. lifted its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,557 shares of the financial services provider’s stock after acquiring an additional 15,346 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hilltop were worth $15,455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new position in Hilltop during the 3rd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop in the third quarter valued at approximately $49,000. FMR LLC increased its holdings in shares of Hilltop by 36.7% in the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 885 shares in the last quarter. Quantbot Technologies LP acquired a new position in Hilltop during the 3rd quarter worth $185,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Hilltop in the third quarter valued at about $203,000. Institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.50.

Insiders Place Their Bets

In other Hilltop news, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 77,748 shares in the company, valued at approximately $2,535,362.28. This represents a 28.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the completion of the sale, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. This trade represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Hilltop Trading Down 3.0 %

Hilltop stock opened at $27.03 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 16.58 and a beta of 1.15. The business has a 50-day moving average of $30.79 and a 200-day moving average of $31.42. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $35.32.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The firm had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. Research analysts anticipate that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.52%. Hilltop’s payout ratio is 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.