Arizona State Retirement System Cuts Stake in Hilltop Holdings by 1343 Shares
November 10, 2023
🌥️Trending News
The Arizona State Retirement System recently announced that it has disposed of 1343 shares of Hilltop Holdings ($NYSE:HTH) Inc., a financial holding company based in Dallas, Texas. Hilltop Holdings is focused on providing banking and financial services to businesses and consumers through its subsidiaries, PrimeLending, PlainsCapital Bank, and National Lloyds Corporation. The company’s stock is traded on theNew York Stock Exchange under the symbol “HTH”. This move comes amid the current economic uncertainty caused by the coronavirus pandemic.
The Arizona State Retirement System has taken a proactive stance to reduce its exposure to certain stocks in order to mitigate any potential losses. Many investors are opting to reduce their exposure to certain stocks in order to protect their portfolios from market volatility. Despite this divestment, it appears that the Arizona State Retirement System still holds a significant stake in Hilltop Holdings, suggesting they continue to have faith in the company’s future prospects.
Market Price
The stock opened at $29.3 and closed at $28.9, down 0.9% from its previous closing price of $29.1. This news was met with a mild decrease in the stock’s value, resulting in a decrease in overall market capitalization. Investors should closely monitor any further news coming from Hilltop Holdings regarding its stock performance and outlook in the coming days. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hilltop Holdings. More…
| Total Revenues | Net Income | Net Margin |
| – | 106.53 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hilltop Holdings. More…
| Operations | Investing | Financing |
| 133.55 | -139.46 | -316.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hilltop Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.4k | 14.29k | – |
Key Ratios Snapshot
Some of the financial key ratios for Hilltop Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -8.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have analyzed HILLTOP HOLDINGS and determined that it has a high health score of 9 out of 10. This health score is based on its cashflows and debt, and gives us assurance that the company is capable of sustaining future operations in times of crisis. Furthermore, we have classified HILLTOP HOLDINGS as a ‘cow’, a type of company that has a history of paying out consistent and sustainable dividends. HILLTOP HOLDINGS is strong in asset and dividend, medium in profitability, and weak in growth, making it an attractive option for value-oriented investors who prefer safe investments with steady returns over higher risk investments with potential for greater return. Therefore, investors looking for regular dividends and a safe investment should consider HILLTOP HOLDINGS for their portfolio. More…
Peers
The competition between Hilltop Holdings Inc and its competitors is fierce. S&T Bancorp Inc, City Holding Co, and Ledyard Financial Group Inc are all fighting for market share in the banking industry. Hilltop Holdings Inc has a strong presence in the southern United States, while its competitors are spread out across the country.
– S&T Bancorp Inc ($NASDAQ:STBA)
S&T Bancorp Inc. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Insurance. The Banking segment offers personal and business banking products and services, including checking and savings accounts, loans, and deposit products. The Wealth Management segment provides investment management, fiduciary, and trust services. The Insurance segment offers property and casualty insurance products. The company was founded in 1902 and is headquartered in Indiana, PA.
– City Holding Co ($NASDAQ:CHCO)
PNC Financial Services Group, Inc., is a diversified financial services holding company and one of the largest banks in the United States. PNC Bank provides retail and commercial banking, residential mortgage banking, consumer finance, and investment management. The company operates more than 2,300 branches and 9,000 ATMs in 19 states and the District of Columbia. PNC is headquartered in Pittsburgh, Pennsylvania.
– Ledyard Financial Group Inc ($OTCPK:LFGP)
Ledyard Financial Group Inc. is a publicly traded holding company that owns and operates several businesses in the financial services industry. The company has a market capitalization of $67.01 million as of 2022. The company’s businesses include investment banking, asset management, insurance, and real estate. The company’s headquarters are in New York City.
Summary
Hilltop Holdings Inc. (HTH) has recently seen a significant decrease in its stock price, leading the Arizona State Retirement System (ASRS) to sell 1343 shares. This is a signal of decreasing confidence in the stock from the large institutional investor. Investors should be aware that this may indicate a fundamental weakness in the business, which could lead to further losses in the future.
Additionally, it is important to consider the financial health of the company and other factors such as industry trends before making an investment decision. Furthermore, analysts should look into any insider trading activity or other potential red flags that could give an indication as to how HTH may perform in the near-term. Investing in HTH requires research and careful consideration of the risks and potential rewards.
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