Illinois Municipal Retirement Fund Has $885,000 Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Illinois Municipal Retirement Fund cut its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 8.1% in the fourth quarter, Holdings Channel reports. The firm owned 25,138 shares of the financial services provider’s stock after selling 2,230 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hilltop were worth $885,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC acquired a new position in Hilltop in the third quarter valued at about $215,000. Allspring Global Investments Holdings LLC grew its stake in Hilltop by 49.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,853 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 2,595 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hilltop by 33.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 1,995 shares during the period. Teza Capital Management LLC lifted its holdings in shares of Hilltop by 5.2% in the third quarter. Teza Capital Management LLC now owns 9,114 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 449 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Hilltop by 7.8% in the third quarter. Inspire Investing LLC now owns 10,802 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 778 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares in the company, valued at $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares in the company, valued at $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin Bradley Winges sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total value of $924,900.00. Following the completion of the sale, the chief executive officer now owns 98,934 shares in the company, valued at approximately $3,050,135.22. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by corporate insiders.

Hilltop Stock Performance

HTH opened at $30.36 on Monday. Hilltop Holdings Inc. has a 52-week low of $26.78 and a 52-week high of $35.66. The firm has a market capitalization of $1.98 billion, a PE ratio of 17.75 and a beta of 1.12. The business’s 50-day simple moving average is $30.48 and its 200 day simple moving average is $31.05.

Hilltop (NYSE:HTH) last released its earnings results on Friday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The business had revenue of $285.24 million for the quarter, compared to analyst estimates of $274.55 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Hilltop’s revenue was up .4% on a year-over-year basis. On average, research analysts forecast that Hilltop Holdings Inc. will post 1.36 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.24%. Hilltop’s payout ratio is presently 39.77%.

Analysts Set New Price Targets

HTH has been the topic of a number of research reports. TheStreet lowered Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th.

About Hilltop

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.