The stock of Hilltop Holdings Inc. (NYSE:HTH) reached all time high today, Nov, 10 and still has $36.17 target or 38.00% above today’s $26.21 share price. This indicates more upside for the $2.65 billion company. This technical setup was reported by Barchart.com. If the $36.17 PT is reached, the company will be worth $1.01 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 108,814 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 38.48% since April 8, 2016 and is uptrending. It has outperformed by 32.83% the S&P500.
Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage
Out of 3 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Hilltop Holdings has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by FBR Capital on Thursday, March 31 with “Market Perform”. FBR Capital maintained Hilltop Holdings Inc. (NYSE:HTH) rating on Monday, September 12. FBR Capital has “Mkt Perform” rating and $24 price target. The firm earned “Mkt Perform” rating on Thursday, December 17 by Raymond James. Piper Jaffray maintained the shares of HTH in a report on Tuesday, August 4 with “Overweight” rating. As per Friday, October 28, the company rating was maintained by FBR Capital. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Monday, October 31.
According to Zacks Investment Research, “Hilltop Holdings Inc. is a diversified financial holding company. The Company specializes in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. Through its wholly owned subsidiary, PlainsCapital Corporation it provides traditional banking services, residential mortgage lending, wealth and investment management, treasury management and capital equipment leasing. Through its other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance. Hilltop Holdings Inc. is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.22, from 0.7 in 2016Q1. The ratio is positive, as 11 funds sold all Hilltop Holdings Inc. shares owned while 51 reduced positions. 20 funds bought stakes while 37 increased positions. They now own 52.77 million shares or 2.12% more from 51.68 million shares in 2016Q1.
Legal & General Group Incorporated Public Ltd Liability Corp last reported 0% of its portfolio in the stock. Victory Capital Mngmt accumulated 4,435 shares or 0% of the stock. Kennedy Cap Mngmt has 0.22% invested in the company for 528,275 shares. Cornercap Invest Counsel owns 28,305 shares or 0.11% of their US portfolio. Goldman Sachs accumulated 0% or 80,550 shares. Moreover, Kistler has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 15 shares. Lazard Asset Limited Liability Company reported 300 shares or 0% of all its holdings. American International Inc has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). Moreover, King Luther Cap Management has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 12,468 shares. California State Teachers Retirement Systems accumulated 0.01% or 157,358 shares. Alliancebernstein Ltd Partnership owns 236,100 shares or 0% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. Teacher Retirement Sys Of Texas last reported 10,974 shares in the company. Cambiar Investors Ltd Com last reported 0.38% of its portfolio in the stock. Jacobs Asset Mgmt Ltd Co last reported 563,697 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 2 selling transactions for $237,785 net activity. Another trade for 5,000 shares valued at $111,778 was made by Schaffner Jerry on Tuesday, September 6.
More important recent Hilltop Holdings Inc. (NYSE:HTH) news were published by: Businesswire.com which released: “Hilltop Holdings Named One of Fortune’s 100 Fastest-Growing Companies for 2016” on November 07, 2016, also Businesswire.com published article titled: “Hilltop Holdings Inc. Announces Third Quarter 2016 Earnings Conference Call …”, Businesswire.com published: “Hilltop Holdings Inc. Announces Financial Results for Third Quarter 2016” on October 27, 2016. More interesting news about Hilltop Holdings Inc. (NYSE:HTH) was released by: Reuters.com and their article: “BRIEF-Hilltop Holdings Inc announces Financial Results for Q2 2016” with publication date: July 27, 2016.
HTH Company Profile
Hilltop Holdings Inc., incorporated on July 1, 1998, is a financial holding Company. The Firm provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (PlainsCapital or the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC). The Company’s divisions include banking, broker-dealer, mortgage origination and insurance. The banking segment includes the activities of the Bank. The broker-dealer segment includes the activities of First Southwest Holdings, LLC (First Southwest), Hilltop Securities Inc. (Hilltop Securities) and Hilltop Securities Independent Network Inc. (HTS Independent Network). The mortgage origination segment operates through a subsidiary of the Bank, PrimeLending. The insurance segment consists of the activities of NLC.
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