Compass Point downgraded shares of Hilltop Holdings Inc. (NYSE:HTH) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning. Compass Point currently has $28.50 target price on the stock, up from their previous target price of $28.00. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also commented on HTH. FBR & Co upped their price target on Hilltop Holdings from $20.50 to $24.00 and gave the company a hold rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods upped their price target on Hilltop Holdings from $23.00 to $24.00 and gave the company an outperform rating in a research report on Friday, July 29th. Zacks Investment Research upgraded Hilltop Holdings from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Thursday, October 13th. Finally, TheStreet lowered Hilltop Holdings from a buy rating to a hold rating in a research report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Hilltop Holdings presently has a consensus rating of Hold and a consensus target price of $25.90.
Hilltop Holdings (NYSE:HTH) opened at 28.23 on Wednesday. The company has a market cap of $2.78 billion, a PE ratio of 21.26 and a beta of 0.38. The firm’s 50-day moving average price is $25.18 and its 200-day moving average price is $22.43. Hilltop Holdings has a one year low of $14.28 and a one year high of $28.37.
Hilltop Holdings (NYSE:HTH) last issued its earnings results on Friday, October 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Hilltop Holdings had a return on equity of 7.35% and a net margin of 7.68%. During the same period in the previous year, the firm posted $0.47 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Hilltop Holdings’s payout ratio is 17.91%.
In related news, insider Jerry Schaffner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $22.36, for a total transaction of $111,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Hilltop Holdings by 77.3% in the first quarter. BlackRock Inc. now owns 5,276 shares of the company’s stock valued at $100,000 after buying an additional 2,301 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Hilltop Holdings by 86.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,163 shares of the company’s stock valued at $161,000 after buying an additional 3,312 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Hilltop Holdings during the third quarter valued at about $206,000. Hsbc Holdings PLC purchased a new position in shares of Hilltop Holdings during the second quarter valued at about $210,000. Finally, KCG Holdings Inc. purchased a new position in shares of Hilltop Holdings during the second quarter valued at about $211,000. Institutional investors and hedge funds own 52.93% of the company’s stock.
Hilltop Holdings Company Profile