Insider Selling: Hilltop (NYSE:HTH) CEO Sells 6,640 Shares of Stock

Key Points

• CEO Steve Thompson of Hilltop Holdings Inc. sold 6,640 shares at an average price of $32.68, totaling approximately $216,995.20, resulting in a 6.06% decrease in his holdings.
• Hilltop recently reported $0.57 earnings per share for the last quarter, exceeding estimates of $0.41, with a revenue of $303.31 million against expectations of $310.18 million.
• The company announced a quarterly dividend of $0.18 per share, yielding 2.1%, with an ex-dividend date of August 15th.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CEO Steve Thompson sold 6,640 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $32.68, for a total transaction of $216,995.20. Following the completion of the sale, the chief executive officer directly owned 102,998 shares in the company, valued at approximately $3,365,974.64. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hilltop Stock Down 1.0%

NYSE:HTH traded down $0.35 during mid-day trading on Monday, hitting $33.66. 262,028 shares of the stock traded hands, compared to its average volume of 378,229. The business's 50-day moving average price is $33.00 and its 200 day moving average price is $31.04. The company has a market cap of $2.12 billion, a PE ratio of 15.09 and a beta of 0.87. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.41 by $0.16. The company had revenue of $303.31 million during the quarter, compared to analysts' expectations of $310.18 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same quarter in the previous year, the company earned $0.31 earnings per share. Analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.1%. Hilltop's payout ratio is currently 32.29%.

Institutional Investors Weigh In On Hilltop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in Hilltop by 0.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider's stock valued at $26,419,000 after buying an additional 7,302 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hilltop by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 829,412 shares of the financial services provider's stock valued at $25,256,000 after buying an additional 3,225 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Hilltop by 32.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock valued at $24,247,000 after buying an additional 192,991 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Hilltop by 38.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 546,882 shares of the financial services provider's stock valued at $16,653,000 after buying an additional 152,358 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Hilltop by 236.4% during the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock valued at $14,044,000 after buying an additional 324,108 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hilltop from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop has an average rating of "Hold" and an average price target of $32.00.

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.

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