Public Sector Pension Investment Board Cuts Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Public Sector Pension Investment Board trimmed its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,826 shares of the financial services provider’s stock after selling 4,100 shares during the period. Public Sector Pension Investment Board owned approximately 0.15% of Hilltop worth $3,146,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of Hilltop by 61.4% in the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 18,415 shares during the period. Versor Investments LP boosted its stake in Hilltop by 171.4% in the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 21,600 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Hilltop by 187.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after purchasing an additional 333,695 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Hilltop during the 3rd quarter valued at approximately $575,000. Finally, Denali Advisors LLC acquired a new stake in Hilltop in the second quarter worth $1,408,000. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Trading Down 1.1 %

HTH opened at $31.35 on Wednesday. The business’s 50 day moving average is $31.62 and its 200-day moving average is $31.54. The stock has a market cap of $2.04 billion, a PE ratio of 19.23 and a beta of 1.13. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The firm had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, analysts forecast that Hilltop Holdings Inc. will post 1.48 EPS for the current year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.17%. The ex-dividend date was Friday, November 8th. Hilltop’s payout ratio is currently 41.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Buying and Selling

In other Hilltop news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the sale, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. This represents a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the completion of the sale, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. This trade represents a 21.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Hilltop Profile

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