Gerald J. Ford, identified as a roughly 10% owner of Hilltop Holdings Inc (NYSE: HTH), sold 259,771 shares of Hilltop common stock on March 5, 2026, according to a Form 4 filing with the SEC. The shares were disposed of at $37.9833 per share, producing proceeds of approximately $9.8 million.
Following the sale, Ford's direct holding in Hilltop stands at 7,866.9598 shares. In addition to that direct stake, Ford also holds 98,789 shares indirectly through the Turtle Creek Revocable Trust and 15,544,674 shares indirectly via Diamond A Financial, L.P., the filing shows.
Hilltop's market metrics cited in the filing and related commentary include a price-to-earnings ratio of 13.75. InvestingPro analysis cited in the filing indicates that Hilltop remains undervalued at current market levels. The company also offers a 2.18% dividend yield and, according to InvestingPro, has increased its dividend for 10 consecutive years while InvestingPro tracks more than eight additional ProTips for HTH.
The Form 4 also records a disclaimer from the reporting parties. The reporting persons - identified as Mr. Ford, Diamond HTH Stock Company, LP, Diamond HTH Stock Company GP, LLC, and Turtle Creek Revocable Trust - disclaimed beneficial ownership of the securities covered in the statement except to the extent of their pecuniary interest.
Separately noted in the filing and accompanying materials, Hilltop reported strong results for the fourth quarter of 2025. The company posted earnings per share of $0.69, ahead of the $0.44 consensus estimate. Revenue for the quarter came in at $329.89 million, above the $301.5 million analysts had anticipated.
In response to the quarterly results, Keefe, Bruyette & Woods raised its price target on Hilltop Holdings to $39 from $34 while retaining a Market Perform rating. The firm pointed to Hilltop's strong quarter, driven in part by elevated broker-dealer fees that exceeded both its and consensus expectations.
These developments - the insider sale, the updated ownership table, Hilltop's quarterly outperformance and the analyst price-target adjustment - are presented in the filings and analyst notes made public alongside the Form 4. The documents and third-party commentary cited in the filing provide the data points available to investors and analysts at this time.