Allianz Asset Management GmbH Sells 16,710 Shares of Hilltop Holdings Inc. $HTH

Allianz Asset Management GmbH lessened its position in shares of Hilltop Holdings Inc. (NYSE:HTH) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,627 shares of the financial services provider’s stock after selling 16,710 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of Hilltop worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HTH. Hantz Financial Services Inc. acquired a new stake in Hilltop during the second quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in shares of Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 918 shares in the last quarter. GAMMA Investing LLC increased its stake in Hilltop by 41.6% in the third quarter. GAMMA Investing LLC now owns 1,983 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 583 shares during the period. Fox Run Management L.L.C. bought a new position in Hilltop during the second quarter worth about $218,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Hilltop by 77.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,805 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 3,416 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

Insider Activity at Hilltop

In other news, CEO Steve B. Thompson sold 9,025 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $39.84, for a total transaction of $359,556.00. Following the transaction, the chief executive officer directly owned 91,817 shares of the company’s stock, valued at approximately $3,657,989.28. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Keith E. Bornemann sold 2,200 shares of Hilltop stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total value of $77,000.00. Following the completion of the transaction, the chief accounting officer directly owned 8,692 shares of the company’s stock, valued at $304,220. This represents a 20.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,225 shares of company stock worth $1,436,516 in the last ninety days. 29.90% of the stock is owned by company insiders.

Hilltop Trading Down 1.3%

NYSE HTH opened at $39.14 on Thursday. The company has a market cap of $2.40 billion, a PE ratio of 14.77 and a beta of 0.94. The stock has a 50 day moving average of $35.78 and a 200-day moving average of $34.07. Hilltop Holdings Inc. has a 12 month low of $27.35 and a 12 month high of $40.41.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.23. The business had revenue of $217.40 million during the quarter, compared to the consensus estimate of $300.15 million. Hilltop had a net margin of 10.19% and a return on equity of 7.47%. During the same period last year, the business posted $0.55 EPS. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. This is a boost from Hilltop’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 13th. Hilltop’s dividend payout ratio (DPR) is 27.17%.

Wall Street Analyst Weigh In

HTH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a research report on Thursday, January 22nd. Zacks Research raised Hilltop from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Stephens boosted their price objective on Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Hilltop Company Profile

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.