M&T Bank Corp Has $326,000 Stake in Hilltop Holdings Inc. (HTH)

M&T Bank Corp trimmed its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the financial services provider’s stock after selling 2,602 shares during the period. M&T Bank Corp’s holdings in Hilltop Holdings were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,398 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Hilltop Holdings in the first quarter valued at approximately $178,000. SG Americas Securities LLC raised its position in shares of Hilltop Holdings by 64.5% in the first quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock valued at $246,000 after buying an additional 3,518 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Hilltop Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after buying an additional 186 shares in the last quarter. Institutional investors own 56.32% of the company’s stock.

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A number of research firms have recently weighed in on HTH. Zacks Investment Research downgraded shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop Holdings in a research report on Tuesday, September 12th. Piper Jaffray Companies restated a “hold” rating and set a $30.00 price objective on shares of Hilltop Holdings in a research report on Friday, September 1st. Raymond James Financial, Inc. restated an “underperform” rating on shares of Hilltop Holdings in a research report on Thursday, August 10th. Finally, UBS AG downgraded shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.08.

In other news, Director Charles Clifton Robinson purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were acquired at an average price of $23.90 per share, with a total value of $239,000.00. Following the acquisition, the director now directly owns 1,265,024 shares in the company, valued at $30,234,073.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the sale, the director now directly owns 114,763 shares in the company, valued at approximately $2,981,542.74. The disclosure for this sale can be found here. 22.60% of the stock is owned by company insiders.

Hilltop Holdings Inc. (HTH) opened at 26.19 on Thursday. Hilltop Holdings Inc. has a one year low of $21.47 and a one year high of $30.60. The firm has a market capitalization of $2.52 billion, a P/E ratio of 14.66 and a beta of 1.00. The stock’s 50 day moving average is $24.64 and its 200 day moving average is $25.87.

Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million for the quarter, compared to analysts’ expectations of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same quarter last year, the company posted $0.32 EPS. On average, equities research analysts predict that Hilltop Holdings Inc. will post $1.54 earnings per share for the current fiscal year.

About Hilltop Holdings

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

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Institutional Ownership by Quarter for Hilltop Holdings (NYSE:HTH)

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