Fmr LLC Trims Stake in Hilltop Holdings Inc. (NYSE:HTH)

FMR LLC decreased its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,195,949 shares of the financial services provider’s stock after selling 1,122,341 shares during the quarter. FMR LLC owned 5.53% of Hilltop worth $94,826,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HTH. Rhumbline Advisers increased its stake in Hilltop by 39.1% during the fourth quarter. Rhumbline Advisers now owns 109,315 shares of the financial services provider’s stock worth $1,949,000 after acquiring an additional 30,746 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Hilltop during the fourth quarter worth $178,000. Victory Capital Management Inc. increased its stake in Hilltop by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 27,458 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 1,070 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Hilltop during the fourth quarter worth $438,000. Finally, California Public Employees Retirement System increased its stake in Hilltop by 16.7% during the fourth quarter. California Public Employees Retirement System now owns 193,944 shares of the financial services provider’s stock worth $3,458,000 after acquiring an additional 27,820 shares during the last quarter. Hedge funds and other institutional investors own 60.85% of the company’s stock.

In related news, insider Hill A. Feinberg sold 40,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $20.26, for a total transaction of $810,400.00. Following the completion of the transaction, the insider now directly owns 809,153 shares of the company’s stock, valued at approximately $16,393,439.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.20% of the company’s stock.

HTH has been the subject of several recent analyst reports. Piper Jaffray Companies reissued a “hold” rating on shares of Seattle Genetics in a research note on Thursday, March 28th. TheStreet cut Worthington Industries from a “b-” rating to a “c+” rating in a research note on Monday, June 10th. ValuEngine cut Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.90.

HTH traded down $0.11 on Friday, hitting $21.63. 325,969 shares of the company were exchanged, compared to its average volume of 335,345. Hilltop Holdings Inc. has a twelve month low of $16.43 and a twelve month high of $22.56. The stock has a market capitalization of $2.03 billion, a P/E ratio of 16.90 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $20.83.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. The firm had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. During the same period in the previous year, the firm posted $0.25 EPS. Hilltop’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts forecast that Hilltop Holdings Inc. will post 1.7 earnings per share for the current fiscal year.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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.

See Also: What does the Producer Price Index (PPI) tell investors?

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.