Bank of America Corp DE Reduces Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of America Corp DE trimmed its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,247 shares of the company’s stock after selling 134,974 shares during the period. Bank of America Corp DE owned about 0.26% of Hilton Grand Vacations worth $9,825,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HGV. Barclays PLC raised its position in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $204,000. PB Investment Partners L.P. raised its position in shares of Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares in the last quarter. KBC Group NV raised its position in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Hilton Grand Vacations by 14.3% in the 4th quarter. Hantz Financial Services Inc. now owns 81,913 shares of the company’s stock valued at $3,191,000 after purchasing an additional 10,265 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider now owns 60,270 shares of the company’s stock, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HGV shares. Truist Financial upped their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a “sell” rating in a report on Friday, May 2nd. Wall Street Zen upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Barclays lowered their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.00.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $38.00 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 43.18, a PEG ratio of 2.20 and a beta of 1.60. The stock has a fifty day moving average price of $36.67 and a 200 day moving average price of $39.21. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $44.99.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Hilton Grand Vacations’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current 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.