Voya Investment Management LLC Sells 34,213 Shares of 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 cut its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,209 shares of the financial services provider's stock after selling 34,213 shares during the quarter. Voya Investment Management LLC owned approximately 0.19% of Hilltop worth $3,630,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Concurrent Investment Advisors LLC boosted its stake in Hilltop by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 52,735 shares of the financial services provider's stock worth $1,606,000 after acquiring an additional 418 shares in the last quarter. EntryPoint Capital LLC increased its position in Hilltop by 4.4% during the 1st quarter. EntryPoint Capital LLC now owns 10,736 shares of the financial services provider's stock valued at $327,000 after buying an additional 454 shares in the last quarter. KBC Group NV increased its position in Hilltop by 18.7% during the 1st quarter. KBC Group NV now owns 3,111 shares of the financial services provider's stock valued at $95,000 after buying an additional 490 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Hilltop by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,552 shares of the financial services provider's stock valued at $748,000 after buying an additional 495 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hilltop by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,484 shares of the financial services provider's stock valued at $758,000 after buying an additional 989 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

Insider Transactions at Hilltop

In other Hilltop news, Chairman Jonathan S. Sobel purchased 10,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $35.36 per share, for a total transaction of $353,600.00. Following the purchase, the chairman owned 127,429 shares of the company's stock, valued at approximately $4,505,889.44. This represents a 8.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders acquired 60,000 shares of company stock valued at $2,022,800. Corporate insiders own 29.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Hilltop Stock Down 1.6%

HTH stock opened at $34.35 on Friday. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $36.13. The stock has a market cap of $2.16 billion, a P/E ratio of 15.40 and a beta of 0.88. The business's 50-day moving average price is $32.65 and its 200-day moving average price is $30.92.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business earned $0.31 EPS. On average, equities research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 15th. Hilltop's dividend payout ratio is presently 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.

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