Voya Investment Management LLC Has $3.63 Million Position in Hilltop Holdings Inc. $HTH

Key Points

• Voya Investment Management LLC reduced its stake in Hilltop Holdings Inc. by 22.3% in the first quarter, selling 34,213 shares, leaving them with 119,209 shares valued at approximately $3.6 million.
• Regarding recent insider activity, Chairman Jonathan S. Sobel bought 10,000 shares, increasing his stake by 8.52%, as insiders have acquired 60,000 shares valued at $2.02 million in the last ninety days.
• Hilltop Holdings recently announced a quarterly dividend of $0.18 per share, representing an annualized yield of 2.1%, with a payout ratio of 32.29%.

Voya Investment Management LLC decreased its position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,209 shares of the financial services provider's stock after selling 34,213 shares during the quarter. Voya Investment Management LLC owned 0.19% of Hilltop worth $3,630,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in shares of Hilltop by 236.4% during the first quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock worth $14,044,000 after purchasing an additional 324,108 shares during the period. Goldman Sachs Group Inc. boosted its stake in Hilltop by 32.0% in the first quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock valued at $24,247,000 after acquiring an additional 192,991 shares during the period. Nuveen Asset Management LLC boosted its stake in Hilltop by 116.0% in the fourth quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock valued at $9,236,000 after acquiring an additional 173,245 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Hilltop by 38.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 546,882 shares of the financial services provider's stock valued at $16,653,000 after acquiring an additional 152,358 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Hilltop in the 1st quarter worth approximately $3,763,000. 57.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Chairman Jonathan S. Sobel purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $35.36 per share, with a total value of $353,600.00. Following the purchase, the chairman owned 127,429 shares of the company's stock, valued at $4,505,889.44. This trade represents a 8.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired 60,000 shares of company stock worth $2,022,800 over the last quarter. 29.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $32.00.

Hilltop Price Performance

Shares of Hilltop stock traded up $0.22 during trading on Tuesday, hitting $34.29. The stock had a trading volume of 9,653 shares, compared to its average volume of 412,659. The firm has a market cap of $2.16 billion, a P/E ratio of 15.38 and a beta of 0.87. The business has a fifty day moving average of $32.71 and a two-hundred day moving average of $30.92. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.16. The company had revenue of $303.31 million for the quarter, compared to analysts' expectations of $310.18 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.1%. Hilltop's payout ratio is 32.29%.

Hilltop Company Profile

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.