Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,040 shares of the financial services provider’s stock after selling 355 shares during the period. Thrivent Financial for Lutherans’ holdings in Hilltop were worth $1,412,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in Hilltop by 1,330.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,416 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,317 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Hilltop in the 4th quarter valued at approximately $56,000. Royal Bank of Canada boosted its position in Hilltop by 29.5% in the 3rd quarter. Royal Bank of Canada now owns 2,482 shares of the financial services provider’s stock valued at $62,000 after buying an additional 565 shares during the period. Captrust Financial Advisors boosted its position in Hilltop by 16.7% in the 2nd quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after buying an additional 456 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Hilltop by 12.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock valued at $96,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 79.46% of the company’s stock.

Hilltop Trading Down 3.0 %

Hilltop stock opened at $30.95 on Monday. The stock has a market cap of $2.01 billion, a P/E ratio of 17.79 and a beta of 1.05. The company has a fifty day simple moving average of $29.87 and a 200-day simple moving average of $30.54. Hilltop Holdings Inc. has a 12-month low of $24.18 and a 12-month high of $34.87.

Hilltop (NYSE:HTH – Get Rating) last released its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.17. The business had revenue of $353.92 million during the quarter, compared to analysts’ expectations of $277.55 million. Hilltop had a net margin of 8.09% and a return on equity of 5.65%. During the same period in the previous year, the company earned $0.28 EPS. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.68 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Wednesday, May 10th will be given a $0.16 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.64 dividend on an annualized basis and a yield of 2.07%. Hilltop’s dividend payout ratio (DPR) is presently 36.78%.

Analyst Ratings Changes

Several equities analysts have commented on HTH shares. Stephens reissued an “equal weight” rating and issued a $33.00 price target on shares of Hilltop in a research report on Friday, April 21st. StockNews.com began coverage on shares of Hilltop in a research report on Thursday. They set a “hold” rating for the company.

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 9,001 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $32.39, for a total value of $291,542.39. Following the completion of the sale, the director now directly owns 600,135 shares of the company’s stock, valued at $19,438,372.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Hill A. Feinberg sold 9,001 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $32.39, for a total value of $291,542.39. Following the completion of the sale, the director now directly owns 600,135 shares of the company’s stock, valued at $19,438,372.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Robert Nichols III sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $31.02, for a total transaction of $46,530.00. Following the completion of the sale, the director now directly owns 9,500 shares of the company’s stock, valued at $294,690. The disclosure for this sale can be found here. Insiders sold a total of 50,501 shares of company stock valued at $1,671,272 over the last ninety days. Insiders own 22.30% of the company’s stock.

Hilltop Company Profile

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Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.