Louisiana State Employees Retirement System Sells 1,000 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Louisiana State Employees Retirement System lowered its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,300 shares of the financial services provider’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Hilltop were worth $717,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Quest Partners LLC raised its stake in shares of Hilltop by 1.3% during the second quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 375 shares during the last quarter. Inspire Investing LLC raised its stake in Hilltop by 4.7% during the first quarter. Inspire Investing LLC now owns 11,452 shares of the financial services provider’s stock worth $359,000 after buying an additional 514 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Hilltop by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock worth $1,268,000 after buying an additional 514 shares during the last quarter. ProShare Advisors LLC raised its stake in Hilltop by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after buying an additional 647 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Hilltop by 2.9% during the first quarter. Illinois Municipal Retirement Fund now owns 25,856 shares of the financial services provider’s stock worth $810,000 after buying an additional 718 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

HTH has been the subject of a number of analyst reports. Stephens lifted their target price on shares of Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.50.

Hilltop Trading Down 0.2 %

HTH opened at $30.59 on Tuesday. Hilltop Holdings Inc. has a 1-year low of $28.45 and a 1-year high of $35.66. The company has a market cap of $1.99 billion, a P/E ratio of 18.77 and a beta of 1.14. The company has a fifty day moving average price of $31.75 and a two-hundred day moving average price of $31.35.

Hilltop (NYSE:HTH) last posted its quarterly 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. The firm had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, research analysts forecast that Hilltop Holdings Inc. will post 1.39 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Insider Buying and Selling

In related news, Director Hill A. Feinberg sold 17,157 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the transaction, the director now directly owns 544,979 shares in the company, valued at approximately $17,978,857.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.30% of the stock is owned by corporate insiders.

Hilltop Company 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.