Cambiar Investors LLC acquired a new position in Hilltop Holdings Inc. (NYSE:HTH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,287,950 shares of the company’s stock, valued at approximately $27,034,000.
Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Hilltop Holdings during the fourth quarter worth approximately $12,260,000. Hillcrest Asset Management LLC acquired a new stake in shares of Hilltop Holdings during the first quarter worth approximately $6,490,000. Bank of Montreal Can acquired a new stake in shares of Hilltop Holdings during the second quarter worth approximately $2,418,000. Geode Capital Management LLC raised its stake in shares of Hilltop Holdings by 2.5% in the first quarter. Geode Capital Management LLC now owns 698,869 shares of the company’s stock worth $13,194,000 after buying an additional 17,020 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Hilltop Holdings by 19.5% in the first quarter. BlackRock Group LTD now owns 52,518 shares of the company’s stock worth $991,000 after buying an additional 8,575 shares in the last quarter. 53.89% of the stock is currently owned by institutional investors and hedge funds.
Hilltop Holdings Inc. (NYSE:HTH) traded up 1.22% during mid-day trading on Friday, reaching $22.46. 226,076 shares of the company’s stock traded hands. The stock has a market cap of $2.21 billion, a P/E ratio of 17.64 and a beta of 0.54. Hilltop Holdings Inc. has a 12 month low of $14.28 and a 12 month high of $23.12. The company has a 50 day moving average price of $22.30 and a 200-day moving average price of $20.79.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by $0.06. Hilltop Holdings had a return on equity of 7.20% and a net margin of 7.58%. During the same quarter last year, the company posted $0.30 EPS.
Several analysts have issued reports on the stock. FBR & Co upped their price target on shares of Hilltop Holdings from $20.50 to $24.00 and gave the stock a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods upped their price target on shares of Hilltop Holdings from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. TheStreet lowered shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research raised shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $24.80.
In other news, insider Jerry Schaffner sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $22.36, for a total transaction of $111,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.60% of the company’s stock.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).
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