QRG Capital Management Inc. Sells 61,149 Shares of Hilltop Holdings Inc. $HTH

QRG Capital Management Inc. lessened its position in Hilltop Holdings Inc. (NYSE:HTH) by 88.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,233 shares of the financial services provider’s stock after selling 61,149 shares during the period. QRG Capital Management Inc.’s holdings in Hilltop were worth $275,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in Hilltop by 0.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider’s stock valued at $26,419,000 after purchasing an additional 7,302 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 last quarter. Millennium Management LLC boosted its holdings in shares of Hilltop by 236.4% in the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider’s stock worth $14,044,000 after acquiring an additional 324,108 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Hilltop by 40.2% in the 2nd quarter. Invesco Ltd. now owns 425,284 shares of the financial services provider’s stock worth $12,907,000 after acquiring an additional 121,836 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Hilltop by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 418,824 shares of the financial services provider’s stock worth $12,711,000 after acquiring an additional 8,285 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Stock Performance

NYSE HTH opened at $35.64 on Friday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 14.20 and a beta of 0.91. Hilltop Holdings Inc. has a 52 week low of $27.35 and a 52 week high of $37.30. The stock has a fifty day moving average of $34.65 and a 200-day moving average of $33.41.

Hilltop (NYSE:HTH) last posted its quarterly earnings results 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 for 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 last year, the business earned $0.46 earnings per share. Equities research analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Insider Transactions at Hilltop

In other news, CAO Keith E. Bornemann sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total value of $77,000.00. Following the transaction, the chief accounting officer owned 8,692 shares of the company’s stock, valued at approximately $304,220. This trade represents a 20.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 29.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stephens lifted their price objective on Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilltop in a report on Thursday. Finally, Zacks Research upgraded shares of Hilltop from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Hilltop Profile

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.