King Luther Capital Management Corp Purchases 3,883 Shares of Hilltop Holdings Inc. (NYSE:HTH)

King Luther Capital Management Corp increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,982 shares of the financial services provider’s stock after acquiring an additional 3,883 shares during the period. King Luther Capital Management Corp owned about 0.18% of Hilltop worth $3,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 1620 Investment Advisors Inc. bought a new stake in shares of Hilltop during the second quarter worth $28,000. Innealta Capital LLC bought a new stake in Hilltop during the 2nd quarter worth about $69,000. Beese Fulmer Investment Management Inc. acquired a new stake in Hilltop in the 3rd quarter valued at about $203,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hilltop in the third quarter worth about $270,000. Finally, ProShare Advisors LLC raised its stake in shares of Hilltop by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 647 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HTH has been the subject of several research analyst reports. Stephens boosted their price objective on shares of Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their target price on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hilltop presently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Activity

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares in the company, valued at $17,978,857.21. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction dated 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 transaction, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. This trade 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 company insiders.

Hilltop Trading Up 2.0 %

NYSE:HTH opened at $32.28 on Friday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.80 and a beta of 1.14. Hilltop Holdings Inc. has a 1-year low of $28.58 and a 1-year high of $35.66. The business’s 50-day moving average price is $31.75 and its two-hundred day moving average price is $31.52.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating 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 net margin of 6.65% and a return on equity of 4.90%. During the same period last year, the company posted $0.57 EPS. Sell-side analysts predict that Hilltop Holdings Inc. will post 1.49 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.11%. Hilltop’s dividend payout ratio is 41.72%.

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.