Compass Point lowered shares of Hilltop Holdings Inc. (NYSE:HTH) from a buy rating to a neutral rating in a report released on Wednesday. The firm currently has $28.50 price target on the stock, up from their previous price target of $28.00. The analysts noted that the move was a valuation call.
A number of other equities analysts also recently commented on HTH. FBR & Co raised their target price on shares of Hilltop Holdings from $20.50 to $24.00 and gave the company a hold rating in a research note on Monday, September 12th. Keefe, Bruyette & Woods raised their target price on shares of Hilltop Holdings from $23.00 to $24.00 and gave the company an outperform rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Hilltop Holdings from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Thursday, October 13th. Finally, TheStreet downgraded shares of Hilltop Holdings from a buy rating to a hold rating in a research note on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Hilltop Holdings currently has a consensus rating of Hold and an average target price of $27.10.
Hilltop Holdings (NYSE:HTH) opened at 27.89 on Wednesday. The firm has a 50-day moving average of $25.31 and a 200 day moving average of $22.53. Hilltop Holdings has a 1-year low of $14.28 and a 1-year high of $28.37. The firm has a market cap of $2.75 billion, a P/E ratio of 21.00 and a beta of 0.38.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Hilltop Holdings had a net margin of 7.68% and a return on equity of 7.35%. During the same period last year, the firm posted $0.47 EPS.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 10th. Hilltop Holdings’s dividend payout ratio (DPR) is 17.91%.
In related news, insider Jerry Schaffner sold 2,500 shares of Hilltop Holdings stock in a transaction on Friday, October 28th. The shares were sold at an average price of $25.00, for a total transaction of $62,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 22.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 period. BNP Paribas Arbitrage SA increased its stake in 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 period. SG Americas Securities LLC purchased a new stake in Hilltop Holdings during the third quarter valued at about $206,000. Hsbc Holdings PLC purchased a new stake in Hilltop Holdings during the second quarter valued at about $210,000. Finally, KCG Holdings Inc. purchased a new stake in Hilltop Holdings during the second quarter valued at about $211,000. 52.93% of the stock is currently owned by hedge funds and other institutional investors.
Hilltop Holdings Company Profile