Mutual of America Capital Management LLC Reduces Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Mutual of America Capital Management LLC reduced its stake in Hilltop Holdings Inc. (NYSE:HTH) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,937 shares of the financial services provider’s stock after selling 680 shares during the period. Mutual of America Capital Management LLC’s holdings in Hilltop were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. purchased a new stake in shares of Hilltop during the second quarter worth about $28,000. Innealta Capital LLC purchased a new stake in Hilltop in the 2nd quarter worth approximately $69,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Hilltop in the 3rd quarter worth approximately $203,000. Versor Investments LP bought a new stake in shares of Hilltop in the 2nd quarter worth approximately $394,000. Finally, Inspire Investing LLC increased its stake in shares of Hilltop by 12.9% during the third quarter. Inspire Investing LLC now owns 12,786 shares of the financial services provider’s stock valued at $411,000 after buying an additional 1,462 shares during the period. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

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

Hilltop Price Performance

HTH stock opened at $31.65 on Friday. Hilltop Holdings Inc. has a 1 year low of $28.58 and a 1 year high of $35.66. The firm has a 50-day moving average of $31.67 and a 200 day moving average of $31.55. The company has a market cap of $2.06 billion, a P/E ratio of 19.51 and a beta of 1.14.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. During the same quarter in the prior year, the company earned $0.57 EPS. On average, equities research analysts expect that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Insider Transactions at Hilltop

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of Hilltop stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the business’s stock in a transaction 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 trade represents a 28.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.