GSA Capital Partners LLP increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 122.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,871 shares of the financial services provider’s stock after buying an additional 25,258 shares during the quarter. GSA Capital Partners LLP’s holdings in Hilltop were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hilltop by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after buying an additional 348 shares during the period. Zions Bancorporation acquired a new position in Hilltop in the 3rd quarter worth about $109,000. Victory Capital Management Inc. raised its holdings in Hilltop by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 994 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Hilltop in the 2nd quarter worth about $241,000. Finally, Principal Financial Group Inc. raised its holdings in Hilltop by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 56.50% of the company’s stock.
In related news, Director Gerald J. Ford acquired 10,000 shares of Hilltop stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of $25.08 per share, for a total transaction of $250,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.60% of the stock is currently owned by company insiders.
Hilltop Holdings Inc. (HTH) traded up $0.01 on Friday, hitting $26.43. The stock had a trading volume of 484,753 shares, compared to its average volume of 429,998. The stock has a market capitalization of $2,530.00, a price-to-earnings ratio of 16.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop Holdings Inc. has a 1-year low of $21.47 and a 1-year high of $29.75.
A number of equities analysts have commented on HTH shares. Piper Jaffray Companies reissued a “hold” rating and set a $30.00 target price on shares of Hilltop in a report on Thursday, October 19th. Zacks Investment Research lowered Hilltop from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, ValuEngine upgraded Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.
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Hilltop Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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