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 shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the sale, the chief executive officer now owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hilltop Trading Down 0.6 %

Hilltop stock traded down $0.19 during midday trading on Friday, reaching $32.50. The company’s stock had a trading volume of 429,316 shares, compared to its average volume of 319,308. The stock has a market cap of $2.11 billion, a PE ratio of 19.94 and a beta of 1.14. Hilltop Holdings Inc. has a 52 week low of $28.45 and a 52 week high of $35.66. The business has a 50-day moving average price of $31.70 and a 200-day moving average price of $31.40.

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

Hilltop Announces Dividend

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 paid 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%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HTH. Quest Partners LLC raised its position in shares of Hilltop by 1.3% during the second quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock worth $938,000 after acquiring an additional 375 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Hilltop by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 400 shares during the period. Inspire Investing LLC boosted its stake in shares of Hilltop by 4.7% in the 1st quarter. Inspire Investing LLC now owns 11,452 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 514 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Hilltop by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock worth $1,268,000 after buying an additional 514 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Hilltop by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after buying an additional 647 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Company Profile

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.