denkapparat Operations GmbH Purchases 6,002 Shares of Hilltop Holdings Inc. $HTH

denkapparat Operations GmbH lifted its position in Hilltop Holdings Inc. (NYSE:HTH) by 67.1% during the second quarter, Holdings Channel reports. The institutional investor owned 14,952 shares of the financial services provider’s stock after buying an additional 6,002 shares during the quarter. denkapparat Operations GmbH’s holdings in Hilltop were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in Hilltop in the second quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in shares of Hilltop by 141.8% during the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 821 shares in the last quarter. SouthState Corp purchased a new stake in shares of Hilltop during the 1st quarter valued at $56,000. CWM LLC boosted its position in shares of Hilltop by 134.4% in the 1st quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,612 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Hilltop in the 1st quarter worth $170,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analysts Forecast Growth

HTH has been the subject of a number of research analyst reports. Wall Street Zen upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a report on Wednesday, October 8th. Zacks Research raised shares of Hilltop from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Stephens lifted their target price on shares of Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Hilltop Price Performance

NYSE HTH opened at $33.73 on Wednesday. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13. The company has a market capitalization of $2.07 billion, a PE ratio of 13.44 and a beta of 0.91. The company has a fifty day moving average of $33.38 and a 200 day moving average of $31.77.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.25. The business had revenue of $330.20 million during the quarter, compared to analysts’ expectations of $309.68 million. Hilltop had a return on equity of 7.18% and a net margin of 9.86%.During the same quarter in the previous year, the firm posted $0.46 EPS. Research analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.1%. Hilltop’s dividend payout ratio (DPR) is presently 28.69%.

Insider Activity at Hilltop

In related news, CEO Steve B. Thompson sold 6,640 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $32.68, for a total value of $216,995.20. Following the completion of the transaction, the chief executive officer directly owned 102,998 shares in the company, valued at $3,365,974.64. The trade was a 6.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Jonathan S. Sobel purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $35.36 per share, for a total transaction of $353,600.00. Following the completion of the acquisition, the chairman directly owned 127,429 shares of the company’s stock, valued at $4,505,889.44. This represents a 8.52% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 60,000 shares of company stock valued at $2,022,800. Insiders own 29.90% of the company’s stock.

Hilltop 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.