New York State Teachers Retirement System Lowers Stock Holdings in Hilltop Holdings Inc. (NYSE:HTH)

New York State Teachers Retirement System trimmed its position in shares of Hilltop Holdings Inc. (NYSE:HTHGet Rating) by 22.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,235 shares of the financial services provider’s stock after selling 7,036 shares during the quarter. New York State Teachers Retirement System’s holdings in Hilltop were worth $602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in Hilltop by 16.7% during the 2nd quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 456 shares during the period. Neo Ivy Capital Management purchased a new position in Hilltop during the 2nd quarter valued at about $121,000. Convergence Investment Partners LLC purchased a new position in shares of Hilltop in the 2nd quarter valued at about $134,000. SG Americas Securities LLC purchased a new position in shares of Hilltop in the 2nd quarter valued at about $160,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Hilltop in the 1st quarter valued at about $184,000. 79.46% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Stock Performance

Shares of NYSE HTH opened at $30.61 on Friday. Hilltop Holdings Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $36.33. The firm has a market capitalization of $1.98 billion, a PE ratio of 15.23 and a beta of 1.07. The stock’s 50-day simple moving average is $29.76 and its 200-day simple moving average is $28.13.

Hilltop (NYSE:HTHGet Rating) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.28. The business had revenue of $330.46 million for the quarter, compared to analyst estimates of $307.69 million. Hilltop had a return on equity of 6.54% and a net margin of 10.11%. During the same quarter last year, the company earned $1.15 EPS. On average, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilltop news, Director Hill A. Feinberg sold 10,000 shares of Hilltop stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $29.53, for a total transaction of $295,300.00. Following the transaction, the director now owns 610,136 shares of the company’s stock, valued at $18,017,316.08. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Keith E. Bornemann sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $29.21, for a total value of $87,630.00. Following the transaction, the chief accounting officer now owns 11,013 shares of the company’s stock, valued at $321,689.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hill A. Feinberg sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $29.53, for a total value of $295,300.00. Following the completion of the transaction, the director now directly owns 610,136 shares in the company, valued at approximately $18,017,316.08. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HTH shares. StockNews.com cut Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. TheStreet upgraded Hilltop from a “c+” rating to a “b-” rating in a research note on Tuesday, November 8th.

About Hilltop

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

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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