Martin Bradley Winges Sells 30,851 Shares of Hilltop Holdings Inc. (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CEO Martin Bradley Winges sold 30,851 shares of Hilltop stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the transaction, the chief executive officer now owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hilltop Price Performance

HTH stock opened at $32.52 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of 19.95 and a beta of 1.14. Hilltop Holdings Inc. has a 12 month low of $28.45 and a 12 month high of $35.66. The firm’s 50-day moving average is $31.69 and its 200 day moving average is $31.42.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The firm had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Sell-side analysts forecast that Hilltop Holdings Inc. will post 1.46 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, November 8th. Hilltop’s payout ratio is 41.72%.

Analyst Ratings Changes

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

Institutional Trading of Hilltop

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Hilltop during the 2nd quarter valued at about $28,000. Innealta Capital LLC purchased a new stake in Hilltop during the second quarter worth $69,000. Beese Fulmer Investment Management Inc. bought a new stake in Hilltop during the 3rd quarter valued at $203,000. SG Americas Securities LLC increased its holdings in shares of Hilltop by 91.1% in the 1st quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 3,902 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hilltop in the 3rd quarter worth $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.