Victory Capital Management Inc. Has $836,000 Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Victory Capital Management Inc. boosted its stake in Hilltop Holdings Inc. (NYSE:HTH) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,984 shares of the financial services provider’s stock after buying an additional 1,218 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilltop were worth $836,000 at the end of the most recent quarter.

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

Insider Transactions at Hilltop

In related 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 sale, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin Bradley Winges sold 30,851 shares of Hilltop 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 sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at approximately $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. 29.30% of the stock is currently owned by corporate insiders.

Hilltop Stock Down 1.2 %

HTH stock opened at $31.80 on Thursday. The company has a market cap of $2.07 billion, a P/E ratio of 19.72 and a beta of 1.14. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66. The business has a fifty day moving average of $31.73 and a 200-day moving average of $31.55.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $411.49 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.57 earnings per share. As a group, equities research analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. Hilltop’s payout ratio is currently 41.72%.

Wall Street Analysts Forecast Growth

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

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.