Hilltop Holdings Inc. (NYSE:HTH) CEO Sells $1,006,051.11 in Stock

Hilltop Holdings Inc. (NYSE:HTH) CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hilltop Price Performance

HTH stock opened at $32.50 on Friday. The firm has a 50-day moving average of $31.69 and a 200 day moving average of $31.41. The company has a market cap of $2.11 billion, a P/E ratio of 19.94 and a beta of 1.14. Hilltop Holdings Inc. has a 1 year low of $28.45 and a 1 year high of $35.66.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period in the previous year, the business earned $0.57 EPS. On average, equities research analysts expect that Hilltop Holdings Inc. will post 1.39 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 8th. Hilltop’s payout ratio is 41.72%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HTH shares. Keefe, Bruyette & Woods increased their target price on shares of Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Stephens boosted their target price on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HTH. 1620 Investment Advisors Inc. bought a new stake in Hilltop during the 2nd quarter worth approximately $28,000. Innealta Capital LLC bought a new stake in Hilltop during the second quarter valued at about $69,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Hilltop in the third quarter worth about $203,000. SG Americas Securities LLC lifted its holdings in Hilltop by 91.1% in the 1st quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 3,902 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hilltop during the 3rd quarter valued at $270,000. 57.13% of the stock is currently owned by institutional investors.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.