102,137 Shares in Hilltop Holdings Inc. $HTH Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,137 shares of the financial services provider’s stock, valued at approximately $3,961,000.

Several other institutional investors have also recently bought and sold shares of HTH. BlackRock Inc. bought a new position in shares of Hilltop in the second quarter valued at $256,179,000. Ameriprise Financial Inc. grew its holdings in shares of Hilltop by 0.8% during the second quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider’s stock valued at $26,419,000 after buying an additional 7,302 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Hilltop by 32.0% during the first quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider’s stock worth $24,247,000 after acquiring an additional 192,991 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Hilltop by 3.7% in the 3rd quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider’s stock worth $25,477,000 after acquiring an additional 27,203 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Hilltop by 37.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider’s stock worth $23,788,000 after acquiring an additional 194,287 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Wall Street Analysts Forecast Growth

HTH has been the subject of a number of recent research reports. Wall Street Zen lowered Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Piper Sandler reaffirmed a “neutral” rating and set a $42.00 target price on shares of Hilltop in a research report on Tuesday, July 28th. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods increased their price target on Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Hilltop Stock Performance

NYSE:HTH opened at $38.71 on Tuesday. Hilltop Holdings Inc. has a 52 week low of $30.78 and a 52 week high of $40.41. The firm has a 50-day moving average price of $38.81 and a two-hundred day moving average price of $37.81. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 14.34 and a beta of 0.89.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $315.81 million for the quarter, compared to the consensus estimate of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same quarter in the previous year, the business earned $0.57 EPS. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 2.59 earnings per share for the current year.

Hilltop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.22 dividend. This is an increase from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 7th. Hilltop’s payout ratio is presently 32.59%.

Insider Transactions at Hilltop

In other Hilltop news, Director Rhodes R. Bobbitt sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $40.12, for a total value of $802,400.00. Following the completion of the transaction, the director owned 56,096 shares in the company, valued at $2,250,571.52. This represents a 26.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 52,555 shares of company stock valued at $2,079,714. 5.40% of the stock is owned by corporate insiders.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.