Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,040 shares of the financial services provider’s stock after selling 355 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Hilltop worth $1,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Hilltop by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,551,143 shares of the financial services provider’s stock worth $192,605,000 after purchasing an additional 109,157 shares during the period. State Street Corp boosted its stake in shares of Hilltop by 8.9% during the 1st quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock worth $105,004,000 after acquiring an additional 291,456 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Hilltop by 0.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,567,251 shares of the financial services provider’s stock worth $46,077,000 after acquiring an additional 8,634 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Hilltop by 5.9% during the 1st quarter. Capital Research Global Investors now owns 900,000 shares of the financial services provider’s stock worth $26,460,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Hilltop by 197.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider’s stock worth $22,094,000 after acquiring an additional 498,672 shares in the last quarter. 79.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HTH shares. StockNews.com started coverage on shares of Hilltop in a research note on Thursday. They set a “hold” rating on the stock. Stephens reissued an “equal weight” rating and set a $33.00 target price on shares of Hilltop in a research note on Friday, April 21st.

Hilltop Trading Down 3.0 %

Shares of Hilltop stock opened at $30.95 on Monday. The firm has a market capitalization of $2.01 billion, a PE ratio of 17.79 and a beta of 1.05. Hilltop Holdings Inc. has a twelve month low of $24.18 and a twelve month high of $34.87. The firm’s 50-day moving average price is $29.87 and its 200 day moving average price is $30.54.

Hilltop (NYSE:HTH – Get Rating) last issued its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm had revenue of $353.92 million for the quarter, compared to analyst estimates of $277.55 million. Hilltop had a net margin of 8.09% and a return on equity of 5.65%. During the same period last year, the company posted $0.28 EPS. On average, sell-side analysts predict that Hilltop Holdings Inc. will post 1.68 EPS for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Wednesday, May 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, May 9th. Hilltop’s dividend payout ratio is presently 36.78%.

Insider Activity at Hilltop

In other Hilltop news, CEO Jerry Schaffner sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $33.33, for a total value of $1,333,200.00. Following the transaction, the chief executive officer now directly owns 136,763 shares of the company’s stock, valued at approximately $4,558,310.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hilltop news, Director W Robert Nichols III sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $31.02, for a total value of $46,530.00. Following the transaction, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $294,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jerry Schaffner sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $33.33, for a total transaction of $1,333,200.00. Following the completion of the transaction, the chief executive officer now directly owns 136,763 shares in the company, valued at $4,558,310.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,501 shares of company stock valued at $1,671,272. 22.30% of the stock is owned by corporate insiders.

Hilltop Company Profile

(Get Rating)

Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.