Principal Financial Group Inc. cut its stake in Hilton Grand Vacations Inc. (NYSE:HGV – Free Report) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,527 shares of the company’s stock after selling 23,214 shares during the period. Principal Financial Group Inc. owned 0.26% of Hilton Grand Vacations worth $13,292,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of HGV. Apollo Management Holdings L.P. bought a new position in shares of Hilton Grand Vacations in the first quarter worth about $1,346,044,000. BlackRock Inc. raised its stake in shares of Hilton Grand Vacations by 46.1% during the first quarter. BlackRock Inc. now owns 10,794,419 shares of the company’s stock worth $479,596,000 after buying an additional 3,408,398 shares during the last quarter. Invesco Ltd. raised its stake in shares of Hilton Grand Vacations by 120.0% during the first quarter. Invesco Ltd. now owns 2,130,560 shares of the company’s stock worth $110,810,000 after buying an additional 1,162,310 shares during the last quarter. Norges Bank bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth approximately $41,554,000. Finally, State Street Corp raised its stake in shares of Hilton Grand Vacations by 58.0% during the first quarter. State Street Corp now owns 2,711,513 shares of the company’s stock worth $120,473,000 after buying an additional 995,676 shares during the last quarter. 97.23% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hilton Grand Vacations in a research note on Thursday, September 7th. They set a “buy” rating and a $59.00 price target for the company. StockNews.com downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Jefferies Financial Group lowered their target price on shares of Hilton Grand Vacations from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, October 5th. Barclays lowered their target price on shares of Hilton Grand Vacations from $55.00 to $54.00 in a research note on Wednesday, September 27th. Finally, Truist Financial lowered their target price on shares of Hilton Grand Vacations from $73.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Moderate Buy” and an average target price of $59.83.
Hilton Grand Vacations Stock Performance
Shares of HGV opened at $35.69 on Friday. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $51.81. The firm has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $42.39. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.57 and a beta of 2.02. The company has a current ratio of 3.64, a quick ratio of 2.48 and a debt-to-equity ratio of 1.75.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last announced its earnings results on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.97 by $0.01. Hilton Grand Vacations had a net margin of 8.18% and a return on equity of 19.31%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.61 EPS for the current fiscal year.
About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.
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