Raymond James May Have Just Lost Faith in Hilltop Holdings (NYSE:HTH)

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Hilltop Holdings (NYSE:HTH) Receives a Downgrade

The Rating of Hilltop Holdings (NYSE:HTH) shares have been downgraded by Raymond James from a “Outperform” rating to a “Mkt Perform” rating in an analyst research report sent to investors and clients on Thursday, 17 December.

Approximately 114,471 shares of stock traded hands. Hilltop Holdings Inc. (NYSE:HTH) has declined 6.98% since May 14, 2015 and is downtrending. It has underperformed by 4.72% the S&P500.

The overall sentiment of institutions has decreased to 1.03 in Q2 2015. Its down 0.52, from 1.55 in 2015Q2. The ratio is negative, as 20 institutions have sold all the shares of Hilltop Holdings Inc. that they owned while 51 funds have taken shares off the table. 19 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 59.17 million shares or 19.04% more than the 49.71 million shares they owned in 2015Q2.

The Fund Bandera Partners Llc currently is holding shares equating to 6.82% of its total portfolio in Hilltop Holdings Inc. representing a total of 585,338 shares. Another fund,Oak Hill Capital Management Llc, is holding a total of 2.18 million shares equating to 3.69% of their holdings. Additionally, Consector Capital Lp has a 161,000 share stake in Hilltop Holdings Inc. which represents 3.67% of their total portfolio. The Fund, Ratan Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 2.58% of their total portfolio. Finally Blackthorn Investment Group Llc, a fund which is based in the state of Kansas reported a total holdings of 21,500 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Hilltop Holdings Inc. have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $1.30 million . Feinberg Hill A sold 60,000 shares worth approximately $1.19 million. Littlefair Andrew J sold 5,000 shares worth approximately $106,559. Schaffner Jerry sold 10,000 shares worth approximately $220,260. White Alan B sold 27,295 shares worth approximately $546,113. The company insider Ford Jeremy B bought 24,938 shares worth $498,822.

Hilltop Holdings Inc. is a financial holding Company. The company has a market cap of $1.98 billion. The Firm provides business and consumer banking services through PlainsCapital Corporation . It has 8.88 P/E ratio. It offers financial services and products through its business units: PlainsCapital, a financial holding firm that provides banking services, residential mortgage lending, wealth and investment management and treasury management; Hilltop Securities Holdings LLC, a holding firm that provides investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services, and National Lloyds Corporation, a property and casualty insurance holding firm that provides fire and homeowners insurance to low value dwellings and manufactured homes.

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.”

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