Today’s Price Action: What’s Ahead for Hilltop Holdings Inc. After Reaching Record High?

Today's Price Action: What's Ahead for Hilltop Holdings Inc. After Reaching Record High?

The stock of Hilltop Holdings Inc. (NYSE:HTH) reached all time high today, Nov, 22 and still has $30.60 target or 8.00% above today’s $28.33 share price. This indicates more upside for the $2.86B company. This technical setup was reported by Barchart.com. If the $30.60 PT is reached, the company will be worth $228.80M 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 150,572 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 38.78% since April 20, 2016 and is uptrending. It has outperformed by 34.22% 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 firm has “Mkt Perform” rating by FBR Capital given on Monday, September 12. The stock has “Mkt Perform” rating given by Raymond James on Thursday, December 17. The stock of Hilltop Holdings Inc. (NYSE:HTH) has “Mkt Perform” rating given on Monday, October 31 by Keefe Bruyette & Woods. FBR Capital maintained the shares of HTH in a report on Friday, October 28 with “Mkt Perform” rating. FBR Capital initiated the shares of HTH in a report on Thursday, March 31 with “Market Perform” rating. The company was maintained on Tuesday, August 4 by Piper Jaffray.

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 1.02 in 2016 Q2. Its up 0.10, from 0.92 in 2016Q1. The ratio increased, 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.
Voya Investment Mngmt Limited Co owns 35,337 shares or 0% of their US portfolio. Cambiar Lc holds 1.29 million shares or 0.38% of its portfolio. Wells Fargo And Mn owns 571,935 shares or 0% of their US portfolio. Blackrock Institutional Trust Na has invested 0.01% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). The Florida-based Dreman Value Mgmt L L C has invested 0.01% in Hilltop Holdings Inc. (NYSE:HTH). Royal Bancorporation Of Canada has 0% invested in the company for 5,675 shares. Jpmorgan Chase And holds 324,915 shares or 0% of its portfolio. Wellington Mngmt Gp Llp last reported 3.95 million shares in the company. Ny State Common Retirement Fund has 0% invested in the company for 78,500 shares. Gotham Asset Llc owns 148,175 shares or 0.04% of their US portfolio. Fmr Lc has invested 0.01% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). State Bank Of Montreal Can last reported 115,205 shares in the company. Lazard Asset Management Ltd has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). Stephens Ar, a Arkansas-based fund reported 2,428 shares. The Washington-based Parametric Portfolio Associate Ltd has invested 0% in Hilltop Holdings Inc. (NYSE:HTH).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 2 selling transactions for $237,785 net activity. Schaffner Jerry sold $126,007 worth of stock.

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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