Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,215 shares of the financial services provider’s stock after selling 2,254 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Hilltop worth $1,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Hilltop by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider’s stock valued at $24,832,000 after purchasing an additional 16,426 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Hilltop by 187.9% in the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after buying an additional 333,695 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in Hilltop by 2.6% during the second quarter. Hodges Capital Management Inc. now owns 472,101 shares of the financial services provider’s stock worth $14,767,000 after acquiring an additional 12,106 shares during the period. Empowered Funds LLC raised its position in Hilltop by 5.4% during the third quarter. Empowered Funds LLC now owns 189,856 shares of the financial services provider’s stock valued at $6,106,000 after acquiring an additional 9,648 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Hilltop by 43.2% in the second quarter. King Luther Capital Management Corp now owns 116,099 shares of the financial services provider’s stock valued at $3,632,000 after acquiring an additional 35,017 shares during the period. 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 the business’s stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Martin Bradley Winges sold 30,851 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the transaction, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hilltop Trading Down 0.5 %

NYSE HTH opened at $31.65 on Monday. Hilltop Holdings Inc. has a twelve month low of $28.58 and a twelve month high of $35.66. The stock has a 50-day moving average of $31.65 and a 200 day moving average of $31.55. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.42 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, beating analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $411.49 million for 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 last year, the firm posted $0.57 EPS. Equities analysts predict that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid 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 2.15%. Hilltop’s dividend payout ratio is currently 41.72%.

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.