The most recent Form 13F that Cubist Systematic Strategies LLC submitted to the Securities and Exchange Commission revealed that during the third quarter, the company’s stake in Hilltop Holdings Inc. (NYSE: HTH) was reduced by 43.0%. The corporation now has 70,639 shares of the company’s stock in its possession after selling 53,223 shares of the provider of financial services over the period. According to the most recent filing that Cubist Systematic Strategies LLC made with the SEC, the company owned approximately 0.11% of Hilltop, which had a value of $1,755,000 at the time of the filing.
In the most recent few months, various institutional investors have engaged in transactions involving buying and selling company shares. Various companies carried out these transactions. During the third quarter, Inspire Investing LLC increased the percentage of Hilltop within its portfolio by 5.2%. Following the acquisition of an additional 413 shares during the most recent fiscal quarter, Inspire Investing LLC now has 8,355 shares of the stock held by the financial services provider. These shares are currently worth $208,000 at the current market price. The percentage of Hilltop that Captrust Financial Advisors’ company owned increased by 16.7% during the year’s second quarter. Captrust Financial Advisors has a total of 3,192 shares of the financial services provider’s stock following the purchase of 456 additional shares during the most recent quarter. The stock has a value of $85,000, and Captrust Financial Advisors now has 3,192 shares. In the first three months of 2018, the Bank of Montreal added 3.2% more Hilltop holdings than it had in the previous quarter. Bank of Montreal now has a total of 17,046 shares of the financial services provider’s stock, which are currently valued at $520,000 following the acquisition of an additional 526 shares during the most recent quarter. During the third quarter, Mutual of America Capital Management LLC was successful in increasing the percentage of ownership of Hilltop that it possessed by 9.2%. Following the acquisition of an additional 772 shares during the most recent quarter, Mutual of America Capital Management LLC now holds 9,121 shares of the financial services provider’s stock, which have a value of $227,000. During the second quarter, Price T. Rowe Associates Inc. (MD) increased the amount of Hilltop stock owned by 1.7%, making this the last and most important point. Price increased his holdings in the company by 998 shares during the most recent quarter by purchasing these shares. The total shares that T. Rowe Associates Inc. (MD) currently holds in the financial services provider is 58,327. These shares are currently worth a total of $1,555,000 as of right now. Hedge funds and other institutional investors currently hold 79.46% of the stock’s market value.
In additional current events related to this subject, on November 22, CAO Keith E. Bornemann was the one who was responsible for the transaction, which involved the sale of 3,000 shares of stock in the company. The price of each share was set at $29.21, which resulted in a total sale volume of $87,630.00. The average price paid for each share was $29.21. Following the completion of the transaction, the chief accounting officer will have a total of 11,013 shares in the company, which will be valued at $321,689.73 at the current market price. The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate on the SEC’s website Ved the sale of 3,000 shares of stock in the company. The price of each share was set at $29.21, which resulted in a total sale volume of $87,630.00. The average price paid for each share was $29.21. Following the completion of the transaction, the chief accounting officer will have a total of 11,013 shares in the company, which will be valued at $321,689.73 at the current market price. The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website. As mentioned earlier, on December 1, Hill A. Feinberg, the director of Hilltop, sold 10,000 shares of the company’s stock. This brings us to another piece of Hilltop-related news. The price at which the shares were sold was $29.53 on average, bringing the total amount realized from the transaction to $295,300.00. Following the successful transaction completion, the director now directly owns 610,136 shares of the company.
Given the stock’s current price, the director’s holdings are worth approximately 18,017,316.08 dollars to him. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. In addition, CAO Keith E. Bornemann completed a transaction on November 22 and 22, in which he sold 3,000 of the company’s shares of stock. The price of each share was set at $29.21, which resulted in a total sale volume of $87,630.00. The average price paid for each share was $29.21. The transaction has resulted in the chief accounting officer gaining direct ownership of 11,013 shares in the company. The current value of these shares, when traded on the market, is $321,689.73. Disclosures that are related to the sale might be found in this section of the website. Company insiders own a total of 23.40 percent of the company’s shares of stock.
Several equity analysts have recently provided their thoughts on HTH stock, which can be found here. On November 8 November 8, TheStreet upgraded the stock of Hilltop, reflecting an upward movement in the publication’s rating scale, from a rating of “c+” to a rating of “b-” reflecting an upward movement in the publication’s rating scale. The rating for Hilltop was changed from “hold” to “sell” in an article published by StockNews.com on January 4. The research report was released that day.
Hilltop share prices experienced a decline of $0.14 during the lunchtime session on Thursday, bringing the price to $29.75. There were a total of 5,204 transactions involving the company’s stock, which is significantly higher than the typical volume of trading, which is 300,750 shares. Hilltop Holdings Inc. hit an all-time low of $24.18 during the past 12 months, while the company reached an all-time high of $37.47 during the same period. The stock has a price-to-earnings ratio of 14.87, a beta value of 1.07, and a market value of $1.92 billion at the current time. The simple moving average after 50 days and the simple moving average after 200 days for this stock is currently set at $29.77.
On Thursday, October 20 October 20, the most recent quarterly earnings report for Hilltop, which is listed on the New York Stock Exchange (NYSE) under the symbol “HTH,” was made public for the first time. The company that provides financial services reported earnings per share for the quarter of $0.50, which was $0.28 more than expected, which was $0.22. Hilltop’s return on equity was 6.54 percent, and the company’s net margin was 10.11 percent. Even though market watchers anticipated that the company would bring in sales of $307.69 million during the quarter, it brought in $330.46 million instead. During the previous year, the corporation made a profit of $1.15 per share of common stock. During the current fiscal year, equity research analysts anticipate that Hilltop Holdings Inc. will generate $1.52 per share. This expectation is based on the company’s historical performance.
In addition to providing various other financial goods and services, Hilltop Holdings Inc. provides a broad spectrum of commercial and retail banking products and services. It conducts business under the auspices of three distinct operational divisions: banking, brokerage, and mortgage origination. Customers have access to a wide variety of financial products through the Banking segment, including savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit; loans for home improvements and equity; loans for purchasing and carrying securities; loans for equipment; loans for commercial and industrial use; and term and construction financing. All of these products can be accessed online.