California Public Employees Retirement System Sells 13,300 Shares of Hilltop Holdings Inc. (HTH)

California Public Employees Retirement System lessened its position in Hilltop Holdings Inc. (NYSE:HTH) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,000 shares of the financial services provider’s stock after selling 13,300 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Hilltop Holdings worth $5,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTH. Amalgamated Bank increased its holdings in shares of Hilltop Holdings by 0.8% in the second quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 72 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hilltop Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. Rothschild Asset Management Inc. increased its holdings in shares of Hilltop Holdings by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock valued at $2,084,000 after purchasing an additional 244 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Hilltop Holdings by 1.2% in the second quarter. Legal & General Group Plc now owns 26,051 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 317 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hilltop Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 56.33% of the company’s stock.

Several research firms have issued reports on HTH. Compass Point raised Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price for the company in a research note on Tuesday, August 1st. BidaskClub cut Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, July 4th. ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Hilltop Holdings in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.08.

Shares of Hilltop Holdings Inc. (NYSE:HTH) opened at 25.40 on Friday. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $25.78. The stock has a market capitalization of $2.45 billion, a P/E ratio of 14.21 and a beta of 1.00. Hilltop Holdings Inc. has a one year low of $21.47 and a one year high of $30.60.

Hilltop Holdings (NYSE:HTH) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.10). Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Hilltop Holdings Inc. will post $1.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, November 14th. Hilltop Holdings’s dividend payout ratio (DPR) is presently 13.41%.

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In related news, Director Charles Clifton Robinson purchased 10,000 shares of Hilltop Holdings stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the acquisition, the director now directly owns 1,265,024 shares of the company’s stock, valued at $30,234,073.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the transaction, the director now owns 114,763 shares of the company’s stock, valued at approximately $2,981,542.74. The disclosure for this sale can be found here. 22.60% of the stock is owned by corporate insiders.

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 Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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