Citigroup Inc. Reduces Stock Holdings in Hilltop Holdings Inc. $HTH
Citigroup Inc. reduced its stake in Hilltop Holdings Inc. by 48% in the third quarter, signaling decreased institutional confidence. This followed significant insider selling by the CEO and another executive, totaling a decrease of over 28% in their combined ownership. Despite beating EPS estimates, Hilltop missed revenue expectations, though it did increase its quarterly dividend, contributing to a mixed outlook from analysts who largely recommend a "Hold" rating.