Geode Capital Management LLC Has $32.68 Million Holdings in Hilltop Holdings Inc. $HTH

Geode Capital Management LLC lessened its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 1,076,704 shares of the financial services provider’s stock after selling 12,679 shares during the period. Geode Capital Management LLC’s holdings in Hilltop were worth $32,682,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of Hilltop during the second quarter worth about $27,000. GAMMA Investing LLC lifted its stake in Hilltop by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 821 shares in the last quarter. SouthState Corp bought a new stake in Hilltop in the 1st quarter valued at approximately $56,000. CWM LLC boosted its position in Hilltop by 134.4% during the 1st quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,612 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Hilltop during the 1st quarter worth approximately $170,000. 57.13% of the stock is currently owned by institutional investors.

Hilltop Trading Down 0.6%

Shares of HTH opened at $34.63 on Friday. The company’s fifty day simple moving average is $33.11 and its 200 day simple moving average is $32.06. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $36.13. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 13.80 and a beta of 0.91.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.25. The firm had revenue of $330.20 million during the quarter, compared to analysts’ expectations of $309.68 million. Hilltop had a net margin of 9.86% and a return on equity of 7.18%. During the same quarter last year, the company posted $0.46 earnings per share. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, November 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. Hilltop’s dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Stephens lifted their price target on shares of Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Insiders Place Their Bets

In other Hilltop news, CAO Keith E. Bornemann sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $35.00, for a total value of $77,000.00. Following the sale, the chief accounting officer owned 8,692 shares in the company, valued at $304,220. This represents a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 29.90% of the stock is currently owned by company insiders.

Hilltop Company 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.