Envestnet Asset Management Inc. Trims Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Envestnet Asset Management Inc. lowered its position in Hilltop Holdings Inc. (NYSE:HTHGet Rating) by 19.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,130 shares of the financial services provider’s stock after selling 10,146 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hilltop were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in Hilltop by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 8,761 shares of the financial services provider’s stock valued at $258,000 after buying an additional 454 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Hilltop by 4.1% in the first quarter. Teacher Retirement System of Texas now owns 12,948 shares of the financial services provider’s stock valued at $381,000 after buying an additional 508 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Hilltop by 3.2% during the first quarter. Bank of Montreal Can now owns 17,046 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 526 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of Hilltop by 7.9% during the first quarter. IndexIQ Advisors LLC now owns 13,346 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 973 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Hilltop by 9.7% during the first quarter. Sei Investments Co. now owns 17,004 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Hilltop Stock Performance

NYSE:HTH opened at $29.76 on Thursday. The stock has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $27.79. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.81 and a beta of 1.11. Hilltop Holdings Inc. has a 1 year low of $24.18 and a 1 year high of $38.23.

Hilltop (NYSE:HTHGet Rating) last released its quarterly earnings data on Friday, October 21st. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.28. Hilltop had a return on equity of 6.54% and a net margin of 10.11%. During the same period in the previous year, the business earned $1.15 earnings per share. On average, analysts predict that Hilltop Holdings Inc. will post 1.53 EPS for the current year.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 9th. Hilltop’s payout ratio is 29.85%.

Analyst Ratings Changes

HTH has been the subject of several analyst reports. TheStreet upgraded Hilltop from a “c+” rating to a “b-” rating in a research note on Tuesday, November 8th. StockNews.com cut Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th.

Insiders Place Their Bets

In other Hilltop news, CAO Keith E. Bornemann sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $29.21, for a total value of $87,630.00. Following the sale, the chief accounting officer now owns 11,013 shares of the company’s stock, valued at $321,689.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently owned by company insiders.

Hilltop Company Profile

(Get Rating)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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